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Ford sells 20% of its stake in Mazda
Well, we have to say we saw this coming. Ford has officially sold off approximately 20% of its stake in Mazda. The sale reduces Ford's share from a controlling 33.4% interest to just over 13% and puts about $540 million into the Dearborn coffers, based on a sale price figured at Mazda's closing value Tuesday. The cash infusion will certainly help Ford's bottom line in these rough economic times, and the fact that the shares are being sold back to Mazda (7 percent) and to about 20 of its strategic partners means that Ford's remaining stake will ... Read more →
Ford may be considering sale of Mazda stake Alex Nunez
The financial peril that currently faces the U.S. domestic automakers is no secret, and according to Wall Street Journal report published yesterday, Ford is mulling over the possibility of unloading ...
Analysts: Ford could sell Mazda to raise capital Jeremy Korzeniewski
Ford's 33.9-percent stake in Mazda, enough to give the Blue Oval control of the Japanese automaker, could come up for grabs if Ford is not able to turn its dire financial position around in short ...
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Ford sells 20% of its stake in Mazda 1 year ago on Autoblog
Well, we have to say we saw this coming. Ford has officially sold off approximately 20% of its stake in Mazda. The sale reduces Ford's share from a controlling 33.4% interest to just over 13% and puts about $540 million into the Dearborn coffers, based on a sale price figured at Mazda's closing ...
Ford may be considering sale of Mazda stake 1 year ago on Autoblog
The financial peril that currently faces the U.S. domestic automakers is no secret, and according to Wall Street Journal report published yesterday, Ford is mulling over the possibility of unloading at least part of its controlling stake in Mazda to raise cash. Japanese media, via the AP, said that ...
Analysts: Ford could sell Mazda to raise capital 1 year ago on Autoblog
Ford's 33.9-percent stake in Mazda, enough to give the Blue Oval control of the Japanese automaker, could come up for grabs if Ford is not able to turn its dire financial position around in short order, according to BusinessWeek. Such a move would likely cause major headaches at both automakers, as ...
Autoblog Podcast #154: Gobbling up the News
Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.
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