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ford-sells-its-stake-in-mazda

Mazda can be summed up in a single word: bold. Not only do its cars generally look like nothing else on the market, but it’s also invested heavily in innovative engine technology.

So, while many car makers have moved to smaller turbocharged engines, Mazda instead offers larger motors that are still efficient. For example, the entry-level petrol option in the Mazda 3 is a 2.0-litre unit –&nbsp;far larger than what you’ll find in most rivals – but it remains very clean.

Highlights of Mazda’s line-up include the MX-5 sports car, which has won our Convertible of the Year Award multiple times, and the CX-5 large SUV, which was named as our inaugural best car for dog owners.

MAZDA

Cash-strapped car maker Ford has raised around $540 million (361 million) by selling most of its stake in Mazda. Ford posted losses of $129 million (81.8 million) for the past three months and it is reported to have enough cash to survive only the next seven months if it continues to spend at its current levels. As a result, Ford will cut its holding in Mazda from 33.4% to just over 13%. It is selling the shares back to Mazda and a group of the Japanese company's strategic business partners.

However, Ford will keep a seat on the manufacturers board of directors. The two companies will also continue to share engine and chassis technology.

Cash-strapped car maker Ford has raised around $540 million (361 million) by selling most of its stake in Mazda.

Ford posted losses of $129 million (81.8 million) for the past three months and it is reported to have enough cash to survive only the next seven months if it continues to spend at its current levels. As a result, Ford will cut its holding in Mazda from 33.4% to just over 13%. It is selling the shares back to Mazda and a group of the Japanese company's strategic business partners. However, Ford will keep a seat on the manufacturers board of directors. The two companies will also continue to share engine and chassis technology.

Ford sells its stake in Mazda

*   Ford sells to get much-needed cash
*   Mazda and its suppliers buy the shares
*   The companies will still work together

NEW REVIEWS:

Ford sells its stake in Mazda

* Ford sells to get much-needed cash * Mazda and its suppliers buy the shares * The companies will still work together...

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Mazda MX-30 R-EV long-term test: report 4

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