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The CarNut Blog: Huge Investor to Ford: Sell Mercury ... and Volvo! |
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Like politics, American big business has its "great families" and its "great characters". And its "great stories" ... This is one of them. In the auto industry, the names Kerkorian, York, Iacocca, Eaton, Lutz and Perot have all had long and strong connections to every one of the Detroit Three, connections several decades long. This week, all those connections again came to light as Kirk Kerkorian's company started buying-up 20-million more shares of Ford (he already owns 100-million shares, almost 8% of the whole company) and advising Ford's CEO, Alan Mulally (a Detroit newcomer), to sell-off that company's Volvo and Mercury divisions.
[READ THE FULL ARTICLE]
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