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Reuters: Ford abandons Mazda control with 20 percent stake sale

Started by chris, November 18, 2008, 03:59:20 PM

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chris

Ford abandons Mazda control with 20 percent stake sale
      


TOKYO (Reuters) - Ford Motor Co, scrambling for cash as the U.S. Big Three automakers struggle to stay alive, will end 12 years of control of Mazda Motor Corp through the sale of a 20 percent stake in the Japanese carmaker for around $540 million.<div class="feedflare">
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