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 Marketwatch.com.

Both companies will continue to share platforms and powertrains.

 

 

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment

Comments

No comments have been made yet.