Kirk Kerkorian and Toyota
Kirk Kerkorian is a casino mogul who gambled on Ford Motor Co. He is also Ford’s largest private shareholder. Apparently he thinks he is gamble is not going to pay off and he is reducing his 6.5% stake in the Dearborn automaker.
He sold off 7.3 million shares but kept a bundle. But, plans to further reduce his holdings.
Kerkorian bought the shares at $6ish stating he had confidence. Guess that confidence is gone.
So, what’s this have to do with Toyota, or Honda or Nissan or any Japanese car company for that matter?
Toyota wins again. That’s what. Honda wins again.
The Japanese car makers are in the black, have been and will be for a long time.
What’s up with that Ford? GM are you reading, too? Chrysler?
