Ford to slash Mazda stake to raise cash

Courtesy MSNBC.com: Business  Tue, 11/18/2008 - 06:34

Ford Motor Co. is slashing its stake in Japan's Mazda Motor Corp. by nearly two-thirds, joining other struggling U.S. automakers in selling prized assets to stay afloat.


 

Related items

Ford says CEO will work for $1 to get loans
Ford Motor Co. will tell Congress that it plans to return to a pretax profit or break even in 2011 when the Detroit Three automakers' CEOs appear before lawmakers this week to request $25...

Report: Ford to sell two-thirds of its Mazda stake
Ford Motor Co. has decided to sell nearly two-thirds of its stake in Mazda Motor Corp. after finding several Japanese buyers, including Mazda itself, a newspaper said Tuesday.

Mazda: Ford to cut stake to 13 from 33.4 percent
Japan's Mazda Motor Corp. says U.S. automaker Ford Motor Co. will cut its stake in Mazda to 13 percent from 33.4 percent.

HP 50g Graphing Calculator (F2229AA#ABA)
If you're a math, science, or engineering professional?or a serious college student?don't leave home without it! HP's most powerful new graphing calculator. The 50G supplies you with...

Canon L170 Laser Fax Printer
The performance of a laser facsimile and a laser printer, with the speed that today's businesses demand. With state-of-the-art fax capabilities and a 19 page-per-minute printer, this space...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com