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US/Japan: Ford to cut stake in Mazda to 3.5%

Mazda has confirmed that it has received notification from Ford that the US OEM will transfer part of its shares in Mazda to several of the Japanese company's business partners. The share transfer, equivalent to 7.5% of Mazda's equity, will be completed via off-auction trading through the Tokyo Stock Exchange. Following It’s time to log … Continued

Mazda has confirmed that it has received notification from Ford that the US OEM will transfer part of its shares in Mazda to several of the Japanese company's business partners. The share transfer, equivalent to 7.5% of Mazda's equity, will be completed via off-auction trading through the Tokyo Stock Exchange.

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