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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

Alan Mulally talks about why Ford's Falcon had to die

When Ford made the decision to end production of the Falcon sedan and Territory CUV in Australia, it wasn't a popular move Down Under. The large, four-door Falcon had been in production for 50 years, and while Ford has reaffirmed its commitment to the Australian market, it's understandable that some people still aren't all that crazy about the Blue Oval's decision.
Speaking to CEO Alan Mulally after Ford's Go Further event in Sydney, Australian site Go Auto reports that the decision was not one made lightly, and that the automaker is doing everything possible to respect the Falcon and Territory's "stakeholders." It's an interesting piece that shows a softer side of a corporation, while demonstrating that Ford is doing everything in its power to make the end of production as smooth as possible for all parties.
Head over to Go Auto for the full series of remarks from Mulally, and then let us know what you think of Ford's handling of the Falcon and Territory discontinuations, in Comments.

Justin Bell makes a horrible policeman

If you're wondering what type of person makes a good police officer, it seems a racecar driver doesn't. Let us rephrase that: Justin Bell, a racecar driver and the host of Motor Trend's World's Fastest Car Show, recently got behind the wheel of a 5.0-liter Ford Mustang police car with Sergeant Daniel Shrubb, co-founder of DRAGG (Drag Racing Against Gangs and Graffiti), and proved that his high-performance-driving skillset is a bit too aggressive for police duty.
While it's easy to get carried away in a Mustang GT, a patrol car driver must maintain some sort of restraint while pursuing a criminal, so as not to come off as a reckless driver to the public. We'll admit, some pursuit techniques are counter-intuitive to performance driving (stay off the gas in a lane-change exercise?), but Bell's judicious use of the handbrake can't be normal procedure.
Watch "The One With The Ford Mustang 5.0 Police Car" (yes, we caught the Friends reference too) below to see some shenanigans in one of Michigan's finest patrol cars.