Ford Changing Stake In Mazda

ford motor company big Ford Changing Stake In MazdaFord is lowering its stake in Mazda. The Dearborn-based automaker announcing Thursday that it will reduce its ownership of Mazda to 3.5 percent, down from 11 percent.

Ford says the reduction will allow the company to increase flexibility to pursue growth in key emerging markets. Even with the change, Ford said in a statement that both automakers “will continue to cooperate in areas of mutual benefits such as key joint ventures and exchange of technology information.”

Ford and Mazda have been partners for more than 30 years.

(Copyright, 2010. WWJ Newsradio 950, All Rights Reserved. The Associated Press contributed to this report.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best Christmas Light Displays
Best Holiday Drink Ideas

Watch & Listen