sells


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 →

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Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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