Ford could sell its stake in Mazda Motor
October 12th, 2008 Leave a comment Visited 26 times, 1 so far today
Ford could sell its stake in Mazda Motor
Market sources are saying that US based automaker Ford is now considering selling off its stake in Mazda Motor.
Ford is struggling in their home market and they need the cash infusion.
Ford has a 33.4 percent of Mazda and reports are saying that they are considering selling 20% of their stake in the Japanese automaker.
Mazda has a market capitalization of about 408.5 billion yen. This puts the value of Ford’s stake at around $1.36 billion.
Ford is yet to confirm the rumors and stated: “Our relationship with Mazda has not changed.”
Automobiles, Cars, Ford, Ford Motor, Japan, mazda, mazda motor, Rumors, USA
Sukhdeep Verma
Category: Automobiles
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