Ford Sells 20% Stake in Mazda to Raise Cash

The sale should net Ford about $540 million

By the Associated Press

Posted Nov 18, 2008 8:40 AM CST

(AP) – Ford is slashing its stake in Mazda by nearly two-thirds, joining other struggling US automakers in a fire-sale of prized assets to stay afloat. Ford, which owns 33.4% of Mazda, will sell about a 20% stake, the companies said. The sale would net Ford... Read full story »

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Ford Sells 20% Stake in Mazda to Raise Cash

The sale should net Ford about $540 million

Japan • Ford • auto industry • US automakers • mazda

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