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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.