Wednesday, October 22, 2008

Mazda to buy 10 pct of own shares in Ford sale-paper (Reuters via Yahoo! Singapore News)

Oct. 22 (Bloomberg) -- Ford Motor Co. , reeling from plunging U.S. car sales, may cut its stake in Japanese affiliate Mazda Motor Corp. to raise cash as billionaire Kirk Kerkorian unwinds his stake in the U.S. carmaker. Mazda's shares fell the most in more than eight years.

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