techs
Lifer
http://news.yahoo.com/s/ap/20060630/ap_on_bi_ge/tracinda_gm_alliance
WASHINGTON - Kirk Kerkorian, the billionaire mogul and major shareholder in General Motors Corp., said Friday that automakers Renault SA and Nissan Motor Co. are interested in purchasing a significant stake in GM and including the Detroit automaker in their alliance.
Kerkorian's investment company, Tracinda Corp., told GM Chairman and CEO Rick Wagoner in a letter that Renault and Nissan are receptive to the idea of including General Motors in their partnership and purchasing "a significant minority interest" in the automaker.
Shares of GM soared $2.45, or 8.9 percent, to close at $29.89 on the New York Stock Exchange.
a significant minority interest
Yeah, like Chrysler and Mercedes were merging. Only it turns out Mercedes was buying Chrysler.
What a sad day for America.
WASHINGTON - Kirk Kerkorian, the billionaire mogul and major shareholder in General Motors Corp., said Friday that automakers Renault SA and Nissan Motor Co. are interested in purchasing a significant stake in GM and including the Detroit automaker in their alliance.
Kerkorian's investment company, Tracinda Corp., told GM Chairman and CEO Rick Wagoner in a letter that Renault and Nissan are receptive to the idea of including General Motors in their partnership and purchasing "a significant minority interest" in the automaker.
Shares of GM soared $2.45, or 8.9 percent, to close at $29.89 on the New York Stock Exchange.
a significant minority interest
Yeah, like Chrysler and Mercedes were merging. Only it turns out Mercedes was buying Chrysler.
What a sad day for America.