- Crocs Shares Tank as Shomaker Slashes Outlook
- WaMu Shares Get Slammed as Credit Worries Grow
- Best Trades Now: Tech, Utilities, Financials & More
- Gassing Up With Garbage
- UBS Target of Fraud Suit from NY Attorney General
- SEC Plans to Broaden Curbs on Short Sales: Cox
- 30-Year Bond Gains Full Point as Stocks Weaken
- FCC Agrees to Approve Sirius Pruchase of XM: Report
- Union Pacific Profit Rises, Beats Estimates
- Stop Trading!: A War on Wall Street
- Pisani: New ETF = Play on Mid-East Growth
- Existing Home Sales: A Look At Numbers That Weren't There
- Comicon: Not Just Funny Business
- See What People Are Saying About... Water Scarcity
- Microsoft's Ballmer Addresses Analysts
- Fast Money: Wall Street Got Drunk!
- Play the Coming Power-Grid Upgrade
- Microsoft's Johnson: What His Leaving Means For Company
Ford Motor might decide to scrap its Mercury brand rather than spend money trying to revive it, the Los Angeles Times reported on its Web site on Monday.
![]() |
AP |
Last week Jerome York, a former auto executive and advisor to billionaire investor Kirk Kerkorian, said giving up Mercury would be a smart move for the struggling automaker, which is trying to boost its Ford and Lincoln brands.
Kerkorian's investment company Tracinda owns 4.7 percent of Ford [F
Loading...
()
] and said Friday that it might raise its stake to more than 5.5 percent.
After regularly selling half a million vehicles a year during the mid-1980s, Mercury sold only 168,000 cars and sport utility vehicles last year, the Times said.
MORE FROM CNBC.COM |
Mercury's U.S. sales are down 23 percent this year -- the biggest drop for any brand except Chrysler and Hummer, the paper reported.





