kirk kerkorian


Kerkorian unloads rest of Ford stock

Back in June, Kirk Kerkorian, billionaire investor and auto industry meddler, bought up 140.8 million shares in Ford Motor Company at $8.50 a pop, gaining a 6.49% stake in the automaker and becoming the largest single shareholder outside of the Ford family. By October, FoMoCo stock was hovering around $2.50 a share and Kerkorian's investment firm, Tracinda Corp., decided that it was time to unload a chunk of the stock. At the end of the day, Tracinda held onto 133.5 million shares and lost some $44 million, and less than a week later dropped ... Read more →

Kerkorian sells off another load of Ford shares Jonathon Ramsey

Just four months ago, Kirk Kerkorian had a cup out and was asking passers-by for some spare Ford shares. Although he only wanted 20 million of them, he was offered one billion. Turns out those folks ...

Kerkorian begins unloading Ford stock John Neff

Kirk Kerkorian and his investment firm Tracinda Corp. made waves last summer by increasing their stake in Ford Motor Company by some 40 million shares to a total of 140.8 million shares, which ...

Kerkorian buys more of Ford than planned Frank Filipponio

Back in April, Kirk Kerkorian claimed he wanted to buy an extra 20 million shares of Ford Motor Co. That would have given him a total of 120 million shares and 5.6% of the Dearborn-based automaker. ...

Kerkorian asks for 20mil Ford shares, gets offered a billion John Neff

In late April, billionaire investor Kirk Kerkorian made public his intention to have Tracindo Corp., his investment company, buy up an additional 20 million shares of Ford stock to up his ownership of ...

Kerkorian not likely to be hands-off Ford investor 1 year ago on Autoblog

There's no indication that a leopard has ever changed its spots, so while Kirk Kerkorian and his Tracinda Corporation are making noises like they'll strive to be hands-off Ford shareholders, we'd expect some eventual attempts at steering the automaker from the board. As part of an offer to purchase ...

Ford stock up thanks to Kerkorian, Volvo remains "not for sale" 1 year ago on Autoblog

Kirk Kerkorian's associate Jerry York stated last Thursday that Ford would do well to sell Volvo and extinguish Mercury. Coincidentally (or not) Ford's stock zoomed up to one of the highest price levels it's seen in the last six months. Tracinda Corporation, Kerkorian's firm, has expressed faith in ...

Kerkorian's boy says Ford should offload Mercury, Volvo 1 year ago on Autoblog

Every villain needs a sidekick, and if there were ever a villain character in the soap opera that is the North American auto industry, it's 91-year-old billionaire Kirk Kerkorian who recently revealed that his private holding company, Tracinda Corp., was buying up Ford stock like he knew something ...

Kirk Kerkorian to up ownership in Ford to 5.6 percent 1 year ago on Autoblog

The auto industry's old friend Kirk Kerkorian is back on the scene, and this time he has his sights set on Ford. In a press release issued today, Kerkorian's company Tracinda Corp. announced that it intends to buy 20 million shares of FoMoCo at $8.50 per share, which is a 13% premium over the ...

Cerberus may be only serious bidder for Chrysler 2 years ago on Autoblog

Less than a week ago, we brought you a report saying Magna is the only serious bidder for Chrysler and that Cerberus was brought in to make it look like more parties were interested in buying. According to the Associated Press, if the plan was to throw reporters off the scent, it worked. The ...

April showers could bring May sale of Chrysler 2 years ago on Autoblog

Last week we told you that DaimlerChrysler's Rüdiger Grube was heading to New York to visit with potential suitors for the Chrysler Group. And it appears he was a man on a mission. It seems that a close source has told news outlets that a sale could be wrapped up by as early as May. Although ...

CAW rejects, Kerkorian cozies up to UAW workers' bid for Chrysler 2 years ago on Autoblog

We just reported that a group of Chrysler employees in Toledo are crafting a proposal that would have the automaker's 50,000 UAW workers buy a controlling stake in the automaker. The proposed worker buyout offer is already stirring up a reaction among the major players involved in the potential ...

DaimlerChrysler ignoring Kerkorian bid? 2 years ago on Autoblog

Is DaimlerChrysler deliberately snubbing Kirk Kerkorian? Word has it the company is sending one of its top executives to New York to meet with potential buyers, but Kirk isn't on the list. Kerkorian, as you may know, has already made a $4.5 billion offer for Chrysler. According to the Wall Street ...

Kerkorian cuts stake in General Motors 3 years ago on Autoblog

Billionaire investor Kirk Kerkorian announced today that his investment firm Tracinda Corp. had cut its stake in General Motors from 9.9 by selling $462 million worth of the automaker's stock. That amounts to a sell off of 14 million shares at $33 per share. The move by Kerkorian comes after the ...

Board battle looming at GM? 3 years ago on Autoblog

Rick Wagoner may have won the Renault-Nissan battle, but the boardroom wars are far from over for General Motors' beleagured chief executive. Wall Street analysts are telling investors to brace themselves for a lengthy and bitter fight for control of the company's board of directors, led by ...

BREAKING: York quits GM board, Kerkorian won't buy more GM stock 3 years ago on Autoblog

"Screw you guys, I'm going home." A phrase made famous by Cartman from South Park but one that we find so apt for news coming out of General Motors this afternoon. Royally irked over the ending of alliance talks with Renault/Nissan, billionaire investor Kirk Kerkorian has announced that he won't buy ...

Breaking: Renault board approves discussions of GM-Nissan deal 3 years ago on Autoblog

With Nissan's board of directors already on record as supporting discussions of the possible three-way deal between General Motors, Nissan and Renault, the French automaker's board met Monday to discuss the Ghosn and Kerkorian proposal. The company issued a terse press release after the board ...

Nissan responds to GM alliance talk 3 years ago on Autoblog

Here's Nissan's official response to the flurry of speculation caused by Tracinda Corp., Kirk Kerkorian's investment company, when it sent a letter to General Motors suggesting the automaker immediately explore joining Nissan and Renault's alliance. Issued by Nissan Motor Co., Ltd., Tokyo, Japan: ...

Jerry York: Saab, Hummer good for GM after all 3 years ago on Autoblog

Tracinda's Jerry York appears to have changed his tune about what General Motors needs to do in order to get back on track, according to Bob Lutz. Kirk Kerkorian's right-hand man made headlines in January, calling for GM to axe Saab and possibly HUMMER to focus on the automaker's core brands... ...






Autoblog Podcast #154: Gobbling up the News

Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.

 
 

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