Ford's Mazda stake to fall to 3.5% from 11%
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Ford's Mazda stake to fall to 3.5% from 11%

Ford Motor Co will cut its stake in Mazda Motor Corp to 3.5% from 11%, losing its status as the Japanese carmaker's top shareholder and falling to fourth place, Mazda said.

autos Updated: Nov 18, 2010 13:53 IST
Reuters

Ford Motor Co will cut its stake in Mazda Motor Corp to 3.5% from 11%, losing its status as the Japanese carmaker's top shareholder and falling to fourth place, Mazda said.

In a filing, Mazda said that the change would take place on Nov. 25, while repeating its agreement with Ford that their strategic partnership would remain intact.

"There is no revision to our management policy or earnings forecast," Mazda said in the filing.

First Published: Nov 18, 2010 13:50 IST