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18

Nov

Ford Sales Mazda Stock, But Keeps 13%

Posted by Andy  Published in Automotive News

Just as GM sells some stocks in a company, Ford is now following. Ford has reduced its ownership in Mazda from 33% to 13%. This will give Ford about $540 million in the bank and will end a 12 year control of Mazda. Ford will continue its agreements and partnership with Mazda.
Source: autonews.com

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18

Nov

GM to Sell Back Suzuki Shares

Posted by Andy  Published in Automotive News

Time to update the diagram, again! GM is going to sell the remaining 3 percent stake in Suzuki. This is about 16.4 million shares of common stock that GM is going to put on the open market. That should be equal to about $230 million back to cash for GM.
GM will continue to honor current [...]

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