Ford to sell its Mazda shares

The rumour that had been circulating for a while now was confirmed this morning. Ford’s fire sale and urgent search for funds have resulted in the sale of most of its stake in the Mazda Motor Corporation. The manufacturer is practically selling the entirety of its assets in the companies of which it held a majority of shares. After the sale of Aston Martin to the ProDrive consortium and the block sale of the British Land Rover and Jaguar brands to the Tata group, it’s now Mazda’s turn.

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