AM Online

Ford cutting share in Mazda

Ford is to cut its share in Mazda by more than 13% to raise more funding.

The decision will mean an extra $540 miilion, about £358 million, for the struggling car maker which will be used to fund its "product led transformation."

Ford president and chief execitive Alan Mulally said Ford will sell the shares to Mazda and a group of Mazda's strategic partners, reports

Both companies will continue to share platforms and powertrains.



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