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Oct 11, 2008
Mazda says no decision on Ford's stake sale
Mazda denied Saturday that a decision had been made by troubled Ford Motor Co. to sell its stake in the Japanese automaker but it didn't rule out a possible deal.
Japanese media reported Saturday that Ford was considering selling its one-third stake in Hiroshima-based Mazda Motor Corp. Public broadcaster NHK TV, without citing sources, reported that Ford would maintain some of its stake in Mazda and management ties.
'Nothing has been decided,' Mazda said in a statement received Saturday by The Associated Press. 'Any important decision will be disclosed.'
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