Continuing the Mazda-Ford reports today, according to two people familiar with the talks, Mazda may buy back the one-third stake currently owned by Ford. Sources say that Mazda will be spread the risk with the help of other Japanese companies and Ford will end up keeping a little part of its share.
FoMoCo, which currently owns 33.4 percent of Mazda, may reduce its stake to increase cash that Mulally needs. The holding is valued at $1.33 billion.
Every little bit counts for Ford which has lost $23.9 billion since 2005 and is current facing more loss as sales fall in its home market.
Source: Detroit News