Close on the heels of GM’s announcement to sell stake in Suzuki, comes Ford’s decision to sell off its stake in Mazda. Ford has decided to reduce its stake in Mazda from the current 33.4 percent, to about 13 percent. This sale will add almost $540 million to Ford’s kitty. Both the companies have ongoing joint ventures and sharing of platforms and powertrains. Ford and Mazda were quick to assert that this development will not result in a significant change in their relations.

Source: Ford