Kerkorian cuts Ford stake, says could sell all shares

Billionaire investor Kirk Kerkorian sold part of his 6.5 percent stake in Ford Motor Co and could sell the rest of his stake in the No. 2 U.S. automaker, Kerkorian's investment vehicle Tracinda Corp said on Tuesday.

The move comes after a more than 60 percent decline in Ford shares since Kerkorian raised his stake to 6.5 percent in June and said he was willing to support the automaker's turnaround with an infusion of additional capital.

Read Full Article from Reuters

- Posted: 2008-10-21 08:43:15

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