Cars
In times like this rumors are bound to flourish. Following last weekend's unconfirmed reports that cash-strapped Ford is considering selling the majority of its 33,4% stake in Mazda, Japan's Nikkei business daily reported today that the American carmaker approached auto parts supplier Denso to buy a small part of Mazda. The Japanese newspaper's unnamed sources said that the number of Mazda shares that Denso would acquire hadn't yet been finalized. However, the report noted that Denso was likely to buy less than 1% of Mazda's stock from Ford. -Continued
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- Ford Sells 20% Of Its Mazda Stake To Raise $540 Million
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Cars
Rumorville: Ford Asks Denso to Buy Mazda Shares
In times like this rumors are bound to flourish. Following last weekend's unconfirmed reports that cash-strapped Ford is considering selling the majority of its 33,4% stake in Mazda, Japan's Nikkei business daily reported today that the American carmaker approached auto parts supplier Denso to buy a small part of Mazda. The Japanese newspaper's unnamed sources said that the number of Mazda shares that Denso would acquire hadn't yet been finalized. However, the report noted that Denso was likely to buy less than 1% of Mazda's stock from Ford. -Continued Denso on its behalf issued a statement on its official website that creates more questions than answers. "Today a Japanese newspaper reported that DENSO is considering the purchase of shares of Mazda Motor Corporation from Ford Motor Company. DENSO has not announced any information regarding this article. DENSO does not have any information to disclose at this moment," said the company's press release.
- Mazda To Exit Commercial Vehicle Manufacturing Business After 2015
More problems for Mazda Motor Corp., which doesn't seem to be going as well as its management had hoped after the company broke free (or so to speak) from the Ford group back in 2008. Today, Japanese business daily Nikkei reported that Mazda has...
- Us Dot To Launch Vehicle-exchanging Info Project In 2012
The US Department of Transportation is planning to launch a real-world test of vehicles that can “communicate†with each other next year in the vicinity of Ann Arbor, Michigan. The 3,000 cars equipped with the Denso-developed technology...
- Ford To Sell Off Most Of Its Remaining Mazda Stake
Even though the Ford Motor Company - Mazda Motor Corp. alliance was one of the most longstanding partnerships with many benefits for both parties, the Detroit automaker today announced plans to sell more than two-thirds of the shares it holds in the...
- Ford Sells 20% Of Its Mazda Stake To Raise $540 Million
Following in the footsteps of GM which announced on Monday the sale of its 3% stake in Japanese carmaker Suzuki for $230m, Ford said that it will sell a portion of its ownership stake in Mazda in a desperate attempt to raise cash to survive through the...
- Gm Sells Leftover Suzuki Stake To Raise Cash
While awaiting a decision on a $25 billion U.S. government aid for the auto industry, cash-strapped General Motors decided to sell back its 3.0 percent stake in Suzuki Motor Cooperation for 22.37 billion yen or $230 million. Suzuki issued an official...