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Ford plans to sell Mazda shares - source

Sat Oct 11, 2008 12:52am EDT
 
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TOKYO, Oct 11 (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) plans to sell its stake in Japan's Mazda Motor Co (7261.T: Quote, Profile, Research, Stock Buzz), a source familiar with the matter said on Saturday.

Japanese public broadcaster NHK said earlier the U.S. automaker, which has 33.4 percent of Mazda, was considering selling about 20 percent.

The source did not specify how much of the stake Ford wanted to sell. (Reporting by Nobuhiro Kubo & Taiga Uranaka; Editing by Kim Coghill)

 

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