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Ford Asks Denso to Buy Mazda Shares
17th November 2008
In times like this rumors are bound to flourish. Following last weekend’s unconfirmed reports that cash-strapped Ford is considering selling the majority of its 33,4% stake in Mazda, Japan’s Nikkei business daily reported today that the American carmaker approached auto parts supplier Denso to buy a small part of Mazda. The Japanese newspaper’s unnamed sources said that the number of Mazda shares that Denso would acquire hadn’t yet been finalized. However, the report noted that Denso was likely to buy less than 1% of Mazda’s stock from Ford.
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