Archive: november 18, 2008
Mazda and Ford Break Up, Remain Friends
Mazda has announced last night that it is breaking up with corporate partner Ford. Until now, Ford owned a 33.4 percent of Mazda’s stock, giving it control over the company under Japanese law. But now it’s selling off 20 percent, worth approximately $540 million, to raise desperately needed cash. The alliance began back in 1979,
View full article at "Japanese Nostalgic Car - Blog"
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