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Kerkorian increases stake in Ford to 6.49 percent
Thursday June 19, 6:50 am ET
Billionaire investor Kirk Kerkorian increases stake in Ford to 6.49 percent from 5.5 percent

DETROIT (AP) -- Billionaire investor Kirk Kerkorian's Tracinda Corp. reports it has increased its ownership stake in Ford Motor Co. to 6.49 percent from 5.5 percent.

Tracinda says Thursday in a filling the Securities and Exchange Commission that it now owns 140.8 million shares in the automaker.

The filing comes two days after Chief Executive Alan Mulally and Executive Chairman Bill Ford met with officials from Tracinda including Kerkorian to discuss the Dearborn-based automaker's transformation plan.

A Ford spokesman didn't have an immediate comment early Thursday on the filing.

Kerkorian has tried to leave his mark on Detroit's auto companies during the past decade.