Posted by admin on May 9th, 2008
Ford Motor Co. said Friday it first learned that billionaire Kirk Kerkorian was interested in investing in the automaker in early April but was “completely unaware” that he had begun buying shares until later in the month.
Investment Guide In a government filing, Tracinda Corp. outlined an April 4 meeting between Ford Chief Executive Officer Alan [...]
Posted by admin on May 9th, 2008
WILMINGTON, Del.–Ford Motor Co. welcomes the significant investment by billionaire Kirk Kerkorian, company executives said Thursday, telling shareholders it underscores the strength of their turnaround plan.
Ford executives said their work to return the No. 2 U.S.-based car company to profitability by 2009 was taking hold and the recent acquisition of 4.7 per cent of the [...]
Posted by admin on January 25th, 2008
NEW YORK (Fortune) — With one full year under his belt, Ford CEO Alan Mulally can point to a lot of progress in pulling the automaker back from the brink. But a look at Ford’s financial results, as well as some comments that Mulally himself has made in the past few days, shows he still [...]
Posted by admin on January 17th, 2008
DETROIT (Fortune) — For 30 minutes, uber-car guy Bob Lutz held forth before an audience of business journalist on the final press day of Detroit’s International Auto Show. In past years, Lutz, vice chairman of General Motors (GM, Fortune 500), would have been rhapsodizing about the new Cadillac CTS coupe or the 600-horsepower Blue Devil [...]
