Kirk Kerkorian sells off some stake in Ford
October 21st, 2008 Leave a comment Visited 26 times, 1 so far today
Kirk Kerkorian sells off some stake in Ford
Billionaire Investor Kirk Kerkorian has revealed that he has now sold off some of his stake in the US based automaker Ford Motor.
He added that he could soon sell his entire stake in the company.
He cannot be blamed for this decision. Ford is struggling to compete in the US market and sales are falling big time.
Kerkorian had earlier said that he was ready to support the Ford’s comeback with more investments.
Looks like he is losing patience as the Ford’s stock price has fallen big time in the recent months.
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