Tuesday, November 18, 2008

Ford Sells 20% of Mazda


Ford Motor has raised $540 million after selling 20 percent of its 33.4 percent stake in Mazda.

Mazda said that its Executive Vice President Takashi Yamanouchi is slated to become its new president and CEO. 

The Japanese carmaker said two of the three Ford members on its board would leave.

DATED: 18.11.08

FEED: ANE





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