(autoinsidernews) - Earlier today we reported that billionaire investor Kirk Kerkorian's Tracinda Corp. investment firm had cut its stake in General Motors with the sale of another 14 million shares. The sale cut Kerkorian's stake in GM to 4.95 percent, reports Trend.
The Wall Street Journal, quoting an unamed person, is reporting that Tracinda may have sold the rest of its remaining 28 million GM shares in a late trade. That news could not be immediately confirmed, would have ended Kerkorian's largely contentious 19-month involvement with the world's largest automaker.
Neither GM nor Tracinda would confirm that Kerkorian had dropped his stake.