Link:
http://www.leftlanenews.com/ford-pla...zda-stake.html
10/11/2008, 2:02 AM
Ford is in the process of finding potential buyers for its 33.4 percent stake in Mazda, sources told Reuters late Friday.
Ford, often viewed as the parent company of Mazda, recently sold its Aston Martin, Jaguar, and Land Rover brands in an effort to raise capital. Ford’s stake in Mazda is said to be worth around $1.36 billion.
Earlier, Japan’s NHK reported the automaker was considering selling at least a 20 percent stake in the company, but it appears a complete sale of all 33.4 percent is on the table. The debt-laden company is in talks with several Japanese firms about the sale.
Many of Ford’s products are tightly linked with Mazda’s — the companies share platforms for a number of vehicles, and development on a number of projects has been joint. Another Ford subsidiary possibly for sale, Volvo, also shares platforms with Mazda and Ford, making de-integration of next-generation vehicles projects a challenge.
Full article at link.
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Link:
http://biz.yahoo.com/ap/081011/as_japan_mazda_ford.html
Saturday October 11, 3:41 am ET
By Yuri Kageyama, AP Business Writer
Mazda says no decision on sale of Ford's stake, but it is being considered
TOKYO (AP) --
Mazda denied Saturday that a decision had been made by troubled Ford Motor Co. to sell its stake in the Japanese automaker but it didn't rule out a possible deal.
Japanese media reported Saturday that Ford was considering selling its one-third stake in Hiroshima-based Mazda Motor Corp. Public broadcaster NHK TV, without citing sources, reported that Ford would maintain some of its stake in Mazda and management ties.
"Nothing has been decided," Mazda said in a statement received Saturday by The Associated Press. "Any important decision will be disclosed."