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Article: Ford to Change Ownership Stake in Mazda; The Two Companies will Continue their Strategic Relationship.
- Article from:
- JCN Newswires
- Article date:
- November 18, 2008
CopyrightCOPYRIGHT 2008 Japan Corporate News Network K.K. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hiroshima, Nov 18, 2008 - (JCN Newswire) - Mazda Motor Corporation (Mazda) has announced today that Mazda and several of its strategic business partners will acquire a part of Ford Motor Company's (Ford) shares in Mazda through market trading.
As a result, the ratio of Ford's ownership of Mazda stock will be reduced from 33.4 percent to just over 13 percent, with the new agreement allowing the two companies to continue their strategic relationship that spans nearly 30 years.
"The sale of Mazda shares by our partner, Ford, will not result in any change in Mazda's strategic direction and we will continue to accelerate our product-led brand improvement and ...