Ford Sells a Portion of Its Stake in Mazda

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Ford Sells a Portion of Its Stake in Mazda

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11-18-2008

Phat330Ci

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Ford Sells a Portion of Its Stake in Mazda

Ford Motor Company today announced it has entered into an agreement to sell a portion of its stake in Mazda Motor Corp. and that the two companies will continue their successful strategic relationship that spans nearly 30 years. In line with Ford's plan to strengthen its balance sheet and ensure it has the resources to implement its product-led transformation plan focusing on the Ford brand worldwide, the company said it is reducing its stake in Mazda from 33.4 percent to just over 13 percent.

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