Mazda denies decision on Ford's stake sale
Sunday, 12 October 2008
TOKYO, Oct 11 (AP): Mazda denied Saturday that a decision had been made by troubled Ford Motor Company to sell its stake in the Japanese automaker but it did not rule out a possible deal.
Japanese media reported Saturday that Ford was considering selling its one-third stake in Hiroshima-based Mazda Motor Corp. Public broadcaster NHK TV, without citing sources, reported that Ford would maintain some of its stake in Mazda and management ties.
Japanese media reported Saturday that Ford was considering selling its one-third stake in Hiroshima-based Mazda Motor Corp. Public broadcaster NHK TV, without citing sources, reported that Ford would maintain some of its stake in Mazda and management ties.