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November
18
2008
12:06 pm
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Author:
Chris

Ford Sells Portion of its Stake in Mazda

Ford Mazda

Ford Motor Company announced today that it will be selling a large portion of their stake in Mazda to help strengthen their balance sheet. This will bring their share in Mazda from over 33% to only 13% - netting Ford a total of around $540 million.

Ford and Mazda will still share vehicle platforms and powertrains, so don’t expect a big change in their line-up. This change seems to be only numbers - we shouldn’t see any difference in operating procedures, vehicle line-up, design, or staff changes.

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