Billionaire Kirk Kerkorian's Tracinda Corp. turned a money-losing stake in General Motors Corp. into a profitable investment by proposing the world's largest automaker join an alliance with Renault SA and Nissan Motor Co.
Since Kerkorian unveiled his plan June 30, GM's stock has risen 7.9 percent. His 56 million shares have added $122 million in value since June 29.
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