Ford Motor Co. is slashing its stake in Japan's Mazda Motor Corp. - FordTough.ca - Home of Canadian Ford Truck Enthusiasts
 
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post #1 of 6 (permalink) Old 11-22-2008, 01:15 AM Thread Starter
 
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Ford Motor Co. is slashing its stake in Japan's Mazda Motor Corp.

Full Story Here:

http://www.theglobeandmail.com/servl...Story/Business



"Ford Motor Co. is slashing its stake in Japan's Mazda Motor Corp. by nearly two-thirds, joining other struggling U.S. automakers in a fire-sale of prized assets to stay afloat.

Ford, which owns 33.4 per cent of Mazda, will sell about a 20 per cent stake, the companies said in separate statements.

The sale would net Ford 52-billion yen ($540-million U.S.) based on Mazda's closing price Tuesday, barely a quarter of what a 20 per cent stake in the Japanese automaker was worth one year ago. Mazda's shares rose 6.4 per cent to 184 yen Tuesday amid media reports of a coming sale..............................."



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post #2 of 6 (permalink) Old 11-22-2008, 01:28 AM
 
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seems to be a sign of the times, the big 3 are all doing it. even tho i'm not a gm or dodge fan, they still need each other for the competition to keep raising the bar. here's more bad GM news.
http://finance.sympatico.msn.ca/inve...entid=13675596

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post #3 of 6 (permalink) Old 11-22-2008, 08:04 AM
 
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It is bad to hear about gm and dodge but not living not to far from oshawa alot of the stuff finacially they have done to them selves, but for ford being part of mazda I didn't know that till last week when I did a tune up on a 2000 mazda pickup under the hood it looked like a ranger Fuel filter the same as on my truck
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post #4 of 6 (permalink) Old 11-22-2008, 11:53 PM
 
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While i may not want to drive a dodge or gm, i still hope they will all make it through. They are one of the backbones of north america, and losing them means alot of lost jobs.

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post #5 of 6 (permalink) Old 11-23-2008, 12:23 AM
 
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Well Guy's. I thought this all came about because of the rising cost of fuel? Well fuel is cheper now than when i first arrived!

Can somebody please explain why they are going down the pan? US Resession?

Mazda make excellent vehicle's and this is coming from a European where the vehicles are different. Ford sold/selling Jaguar and Landrover as well.

You know ... Throwing a 2.5 TDi Dura-tech 4 cylinder with standard 5sp tranny Into a Ranger would be awsome ...... Writing's on the wall for the BIG 3 who produce BIG cc, BIG hp and Crappy MPG.

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2008 F150 FX4 SCREW : SILVER BULLET

Last edited by Ross; 11-23-2008 at 12:37 AM.
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post #6 of 6 (permalink) Old 11-23-2008, 11:03 PM
 
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getting better milage and better build quality would be nice but still keep away from the uninspired vehicles offered elsewhere.


a moments silence for the shelbyx,i hope her new owner enjoys as much.
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