Investor Kirk Kerkorian to remove Ford investment.
From the Journal...
"Billionaire investor Kirk Kerkorian is selling down his stake in slumping Ford Motor after becoming the largest individual shareholder outside the Ford family. The move is a sharp about-face for Kerkorian, a film and casino mogul with a history of investing in Detroit. His representatives had praised the leadership of Ford Chief Executive Alan Mulally and said his company Tracinda's investment in Ford was for the long haul, betting that Ford was on track for a turnaround and poised to deliver big returns."
This is great for cash flow issues... Liquidity has already been an ailing issue for Ford.
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