Ford to Sell 20% of stake in Mazda

As the cash crisis worsens in Detroit, Ford Motor company announced this morning that they are about to sell a 20% stake in Japan’s Mazda Motor Corp (Mazda).

Mazda Chief Executive Hisakazu Imaki, said this morning that it would announce “major-shareholder changes”

The announcement was be made at a press conference at Mazda’s headquarters in Hiroshima at 04:00 EST (09:00 GMT)

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