Ford CEO: Not seeking additional Kerkorian money

DETROIT (Reuters) - Ford Motor Co (F.N) has no plans to seek additional investment from billionaire investor Kirk Kerkorian or to press the United Auto Workers union for additional concessions to save money, the No. 2 U.S. automaker's top executive said on Monday.

Asked if Ford had any plans to seek additional investment from Kerkorian, a long-time activist investor in the auto industry who holds a 6.5 percent stake in the company, Ford chief executive Alan Mulally responded with a flat, "no."

"The most important thing we do is manage that liquidity. We'll continue to make multiple actions to improve our balance sheet," he said.

Mulally also said the company was content with its current contract with the UAW.

"We are very pleased with our last contract negotiations. We reached agreement in many many aspects on wages and benefits and it really is an enabler for for us operating, as we talked about, profitably in the United States," Mulally told the Reuters Autos Summit in Detroit.

(For summit blog: summitnotebook.reuters.com/)

(Reporting by Scott Malone, editing by Dave Zimmerman)