RX8Club.com - Ford to Cut Stakes in Mazda!!!!!

http://www.foxnews.com/story/0,2933,453786,00.html

TOKYO — Japan's Mazda Motor Corp. says U.S. automaker Ford Motor Co. will cut its stake in Mazda to 13 percent from 33.4 percent.

Mazda said Tuesday it would spend up to 17.9 billion yen, or $185.3 million, to buy back up to 6.87 percent of its own shares in a Wednesday morning off-hours purchase.

The rest of the stake is to be bought by a group of Mazda's business partners.

The sale would provide Ford some desperately needed cash as it awaits a decision from Washington on government aid for the auto industry.

This is great news in my opinion! If somehow Mazda Motor Corp. can somehow manage to gain back all of it's stock from Ford there would be no more influence from them!

But I geuss the more I think about it, it could be difficult for MMC to mass produce their cars such as the 3s and 6s.

Either way, I thought this was an interesting story!