Ford selling Mazda share?

TOKYO - Mazda denied Saturday that a decision had been made by troubled Ford Motor Co. to sell its stake in the Japanese automaker but it didn't 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.

"Nothing has been decided," Mazda said in a statement received Saturday by The Associated Press. "Any important decision will be disclosed."

The move, should it happen, would also be a symbolic retreat for U.S. automakers in Japan. General Motors Corp. similarly sold off its stakes in Japanese automakers in recent years.

Selling shares of Mazda, which makes the RX-8 sports car and Miata roadster, would furnish Ford with cash as it tries to turn around its business.

Ford has struggled amid a drastic downturn in U.S. auto sales, burning through nearly $11 billion of its cash stockpile in the past year. Dearborn, Michigan-based Ford reported its worst-ever quarterly loss of $8.7 billion in the second quarter.

Speculation has risen the American auto icon may file for bankruptcy, although Ford has denied that. Ford's stock price has also suffered, plunging to its lowest level in 25 years.

Ford helped engineer a turnaround at once-struggling Mazda Corp.

The auto business is going down in general, due to bad economy from the market crash and also the high gas prices.....

N Ford's cars are mainly very non-fuel efficient.......

Hahahaha maybe Toyota or Honda should buy Mazda n reinvent the rotary engine lol

Super handling AWD zero lag turbo charged rotary engine!!! Hahahahaha

they should
at 4bux a share? ahahahahahahahhahaha

lol... that would be a nice kick in the teeth to ford.

mazda: "thanks for helping us out of a rut, we'll pay you half of what you paid for our shares. kthxbye."

spoon.ek9 wrote:

lol... that would be a nice kick in the teeth to ford.

mazda: "thanks for helping us out of a rut, we'll pay you half of what you paid for our shares. kthxbye."

hahaha gg

we should all chip in and buy out mazda.

tofu wrote:

we should all chip in and buy out mazda.

hahahahaa...legendary FC returns...XD

you guys should buy subaru to build the CLi

I'll chip in for the legendary CLi.

and rotary's are built, even with money, on hopes and dreams.

off topic you bastards!

we're fucked if tata buys them out.. O_O




if were to buy mazda... everything would be rotary powered!


it'll be slogan: mazda- the power of hopes and dreams

bastards

I want to see Matsuda come alive again!!