Kirk Kerkorian sells off Ford stake at a massive loss
December 30th, 2008 Leave a comment Visited 30 times, 1 so far today
Kirk Kerkorian sells off Ford stake at a massive loss
Billionaire investor Kirk Kerkorian has sold all of his Ford stock in the market.
He sold the stock at a major loss as automakers in the US market continues to struggle.
Kerkorian’s investment firm, Tracinda Corp confirmed this deal in a statement.
Ford has not yet commented on these reports.
Tracinda was at one of time the largest outside investor in Ford.
Kerkorian has also in the past held a large number of shares in GM.
He also last year tried to bid for Chrysler but failed in that attempt.
Automobiles, Chrysler, Ford, Ford Motor, Ford Motor Company, GM, Kirk Kerkorian, Tracinda, USA
Somanshu
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