28th April 2008

Kerkorian likes FMC

posted in Daves Blog |
If there was ever a sign that Ford has really turned a corner with its latest financial results maybe it is the renewed buying interest of Kerk Kerkorian. This is the guy who took a hosing with his DCX shares (and lost an acrimonous case for compensation) and more recently failed to engineer control of GM via manoueverings involving Carlos Ghosn. Now he's taking an interest in Ford. I wonder what the Ford dynasty makes of that, but, as they own most of the voting stock, they probably aren't too concerned about any Tracinda manoueverings. It looks more like a vote of confidence in Ford and it's turnaround course.

This entry was posted on Monday, April 28th, 2008 at 9:13 am and is filed under Daves Blog. Original contribution by Dave's automotive industry blog - from just-auto.com. Responses are currently closed, but you can trackback from your own site.

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