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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 the two jointly develop many of their products and combine research and development costs between themselves. In fact, many of Ford's best and most important cars in the U.S. are built atop Mazda's midsize sedan platform. What's more, the cash infusion of Mazda's sale would only net Ford around $2.5 billion, barely more than what the automaker received for its stake in Jaguar and Land Rover. That amount would only allow Ford to stretch a little while longer without returning to profitability. In other words, it would hardly be worth the trouble and is therefore, we're hoping, rather unlikely.

[Source: BusinessWeek]

Analysts: Ford could sell Mazda to raise capital originally appeared on Autoblog on Mon, 04 Aug 2008 17:01:00 EST. Please see our terms for use of feeds.

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