Kerkorian sells part of Ford Motor stake

Tuesday, October 21, 2008 | 5:34 p.m. CDT; updated 6:33 p.m. CDT, Tuesday, October 21, 2008

NEW YORK — Billionaire Kirk Kerkorian's investment firm said Tuesday it sold part of its stake in Ford Motor Co., taking millions of dollars in losses on the investment and marking an abrupt about-face from the optimistic expectations he had for the automaker just four months ago.

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