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Auto investor Kirk Kerkorian dead at 98

Kirk Kerkorian, among the most talked-about investors in the American auto industry in recent memory, died at the age of 98 in Los Angeles on Monday, June 15. The billionaire ran the investment company Tracinda Corp. and was the largest shareholder in MGM Resorts International. Kerkorian attempted to use his power as a well-financed investor to push the auto industry in some fascinating ways. In 2006, he used his nearly 10-percent stake in General Motors to push a merger with the Renault-Nissan Alliance. The deal made it as far as discussions, but eventually fell through. Kerkorian also attempted to purchase Chrysler - twice. According to Automotive News, the first effort came in 1995 with a $22.8-billion offer for the automaker, and soon after it failed the company merged with Daimler. Then in 2007, Kerkorian was back with a bid for $4.5 billion, but things eventually fell to Cerberus. The billionaire finished the trifecta by buying up $1 billion in Ford stock in 2008 to make Kerkorian the single largest investor in the company. However, the situation didn't last long, and by the end of that year, he had unloaded the shares. According to Automotive News, Kerkorian was ranked by Forbes as the world's 41st richest man in 2008 with a net worth of $16 billion. News Source: Automotive News - sub. req.Image Credit: Joe Cavaretta / AP Photo Celebrities Earnings/Financials Chrysler Ford GM obituary

Time to catch up with Jay Leno's Garage, including his Lamborghini Espada restoration

If you're already jealous of the time, effort and money that Jay Leno can devote to his massive car collection, prepare to get a little greener with envy with this latest video from Jay Leno's Garage. Instead of the usual format of discussing a model for about ten minutes and then taking it out for a test drive, this week Leno gives viewers on a tour of over a dozen projects concurrently happening in his stable. The breadth of the vehicles shown and the things being done to them run the entire span of the automotive hobby. At the same time, Jay's shop is working on just a simple restoration of his 1969 Lamborghini Espada (pictured), and at the other side of the building, the team is rebuilding a wood-bodied 1914 Detroit Electric from scratch. He eventually plans to slot a more modern electric drivetrain into it. If bikes are more your interest, there's a freshly completed Brough Superior just waiting for a ride, and if American models are your thing, a Ford Bronco is getting a Coyote V8 installed into it. You have some very specific tastes if you can't watch this clip and start wishing at least one of these vehicles could be in your own garage. Other than the personal projects his mechanics are working on in the shop, Jay gets to have them all, plus plenty more.

North Carolina driver charged for flattening Trump sign

Police in Wilmington, NC are investigating a viral video that shows a local man driving off the road to run over a Trump for President campaign sign. Julien Schuessler of Wilmington posted a video to Facebook on March 15 showing him driving his white Jeep off the road in a reckless manner to smash a Trump sign. He captioned the video, "I love having a Jeep sometimes." The video immediately went viral, reaching nearly a million views and 25,000 shares in less than twenty-four hours. Any elation Schuessler may have felt at having his video go viral was short lived, though. According to WWAY, Wilmington Police were tipped off to the existence of the video on the afternoon of March 16. They were, understandably, less than pleased. In an official tweet, WPD stated that they were aware of the video and were investigating. A spokesperson for the WPD stated that Schuessler faces multiple charges for his little stunt, including hit and run, reckless driving, and failure to maintain lane control. WWAY reached out to Schuessler for comment, but he has declined to respond. News Source: wwaytv3 Government/Legal Weird Car News Chrysler Jeep Driving Safety SUV Off-Road Vehicles Police/Emergency Trump north carolina hit and run vandalism wrangler