Kirk Kerkorian increases stake in Ford Motors

Kirk Kerkorian has now enhanced his stake in the US based auto maker Ford Motors through his company Tracinda Corp.

He started buying shares of the company earlier this month. Sources say that he is aiming to boost his stake in the company to 5.6 percent.

Market analysts are not sure what plans he has for Ford. He might try to get them to sell additional assets.

Tracinda has revealed that they already hold 100 million Ford shares. In addition they are now planning a cash tender offer to acquire 20 million more shares.

There is some good news for Ford though. The news helped the company stock gain at the exchange.

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