Kirk Kerkorian is a billionaire who is known as "one of the important figures in shaping the city of Las Vegas, Nevada." He planned on Ford back in April, especially with the loss the motorvehicle industry has suffered due to the increase in oil prices. The current economic situation has pushed Kerkorian to sell his shares for one third of what he paid. He gave up. It looks like there is no hope insight. I wonder if Ford, Chrysler or GM will be around if they don't get the help they seem to need from the US Treasury.
Tuesday, October 21, 2008
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