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Kerkorian Pulls Out of Ford

Biggest non-family stockowner begins dumping stake, looks to energy instead

By Clay Dillow, Newser Staff

Posted Oct 21, 2008 8:46 AM CDT

(Newser) – Billionaire investor Kirk Kerkorian, an old hand at investing in Detroit, began his Ford escape today, selling 7.3 million shares of common stock in the company at $2.43 per share, the Wall Street Journal reports. As recently as February Kerkorian was building his... Read full story »

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Kerkorian Pulls Out of Ford

Biggest non-family stockowner begins dumping stake, looks to energy instead

investing • Kirk Kerkorian • Detroit • stocks • Ford • manufacturing • auto industry

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More Newser Stories

Ford to Offer Self-Park Cars; Kerkorian Sells Stake

New Lincoln MKS models will park themselves in effort to woo car buyers

Chrysler Sale Suggests New Deal for Detroit

Ford, GM see hope for restructuring labor costs

Downtrodden Detroit Can Rise Again, Green

Cheap labor, empty factories, can-do legacy scream green revolution

Recession Crushes White-Collar Michigan

Layoffs, property price plunge leaves middle-aged workers in limbo

US Automakers See Sales Increase in May

Ford, GM have best month of 2009

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