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Mazda looking to shrink U.S. workforce by offering buyouts, layoffs possible

Mazda is taking the steps necessary to right its financial ship, but when a patient has this kind of issue, the cure can hurt just as much. The small, independent carmaker has been hurt by its relatively Japan-centric manufacturing base and the strength of the yen, the loss of Ford as a noteworthy stakehol

Report
Troubled Mazda looking to raise $2B in shares, fund Mexico plant

Mazda once again finds itself in dire financial straits after warning its investors to expect a loss in 2011 of 100 billion yen ($1.3 billion). In an effort to keep itself afloat, the Japanese automaker is rumored to be considering a new issue of as many as 690 million shares, which would raise about 100 billion yen while diluting current

REPORT: Mazda looking to raise $1.1B to catch up in hybrid race

2009 Mazda Tribute - Click above for high-res image gallery

REPORT: Mazda looking to raise $1.1B to catch up in hybrid race

2009 Mazda Tribute - Click above for high-res image gallery

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 certa