Maverick investor bets again on Detroit
By Brian J. O'Connor Detroit News Finance Editor Back in 1999, billionaire investor Kirk Kerkorian told a newspaper reporter about growing up as the son of Armenian emigrants. "Our first language, although we were born here, was Armenian," he said.…
Oct 27 25October 27, 2025
Article at Detroit News
Chrysler sale cost DCX $673 million
By Brian J. O'ConnorDetroit News Finance Editor If you skipped German in high school, be glad. It's a tough language to translate. For example, when Daimler-Benz mounted a $36 billion takeover of Chrysler Corp. in 1998, the German carmaker called it…
Oct 27 25October 27, 2025
Article at Detroit News
Hey, turkeys! Trot away from old GM shares
By Brian J. O'Connor Detroit News Finance Editor Only two kinds of animals supposedly live on Wall Street - bulls and bears - but I've discovered a third: turkeys. Not just any old turkeys, but the kind of inbred, brain-addled barnyard birds raised…
Oct 27 25October 27, 2025
Article at Detroit News
Clean diesels bring a mess of decisions
By Brian J. O'Connor Detroit News Finance Editor A clean diesel car can be good for the environment — but will it end up cleaning out your wallet? With mileage that can be as much as one-third better than comparable gasoline engines - hitting more…
Oct 27 25October 27, 2025
Article at Detroit News
Balancing act: To lease or buy
By Brian J. O'ConnorDetroit News Finance Editor After a week of press previews, the North American International Auto Show has opened to the public, who, rather than writing about cars, can do the auto industry the far greater benefit of actually…
Oct 27 25October 27, 2025
Article at Detroit News