Ford to sell stake in Mazda brand
Ford is going through a period of crisis at the moment, having been overtaken by Volkswagon, in debt, producing European utilities instead of the usual SUVs and pick-ups, and looking for customers for the Volvo brand after having already sold off Aston Martin, Jaguar and Land Rover.
Now it looks like Mazda could be next, as the company looks for more liquidity. Ford possesses 33.9 percent of Mazda, and after a sales increase from 2007, the brand could be ripe for the picking.
Source | MotorAuthority (Thanks to lupin3rd)
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08 Aug 2008 - 13:13 - #1If you folks want to be taken seriously, try to avoid inaccurate and sensational headlines like “Ford to sell stake in Mazda brand.” If you read the Motor Authority article, you’ll note there are several obstacles to this happening, and the chances are noted as “slim”. Just because some finance geek says it’s going to happen doesn’t mean it will.