Wednesday, October 22, 2008

Padgett: We're heading for a dramatically smaller car industry

confidence vote in Detroit, notes the NYT. Kirk Kerkorian, the Vegas billionaire, is apparently pulling up stakes in his latest Detroit foray. By Ken Bensinger In an apparent vote of no confidence, billionaire Kirk Kerkorian has sold part of his 6.49% stake in Ford Motor Co. Kirk Kerkorian's Tracinda Corp on Monday sold 7.3 million Ford Motor Co. Billionaire investor Kirk Kerkorian has sold shares in Ford Motor Co. In corporate news, Kirk Kerkorian's investment firm said it sold 7.3 million of its shares in Ford Motor Co. In corporate news, Kirk Kerkorian's investment firm said it sold 7.3 million of its shares in Ford Motor Co. news - people ). "Kirk Kerkorian is a rich man. Kirk Kerkorian is "getting ready to throw in the towel" when it comes to his Ford investment.

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