Ford to Sell off Most of its Remaining Mazda Stake

Even though the Ford Motor Company - Mazda Motor Corp. alliance was one of the most longstanding partnerships with many benefits for both parties, the Detroit automaker today announced plans to sell more than two-thirds of the shares it holds in the Japanese firm. Ford said it will reduce its stake in Mazda from 11 percent to 3.5 percent, with the transaction expected to be completed on