Tracinda Corp., the investment firm of billionaire casino mogul Kirk Kerkorian, reportedly is reducing its stake in General Motors Corp. from 9.9% to 7.8% due to federal and state tax purposes. The 12 million-share sale raised $251.6 million for Tracinda and reduced the firm’s holdings in GM to 44 million shares, down from 56 million, according to a filing with the U.S. Securities and Exchange Commission. The sale also will put the company at a capital loss for the fiscal year ending ...

Premium Content (PAID Subscription Required)

"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Amber McLincha by email: or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

Already registered? here.