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Japan's Mazda Motor spends 17.8bn yen to buy back almost 7% of its shares from troubled US carmaker Ford Motor.
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Major U.S. automaker Ford Motor Co. plans to sell some of its shareholdings in Mazda Motor Corp. of Japan and is holding talks with potential buyers, informed sources said Saturday. Ford's management is in a very severe state due to
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Shares of General Motors Corp. and Ford Motor Co. plunged in the waning minutes of trading Thursday, after Standard & Poor's Ratings Services placed their credit ratings under review for possible downgrade.
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Mazda says no decision has been reached on Ford possibly selling its stake in the Japanese automaker, as has been reported in Japanese media.
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TOKYO -- Mazda denied Saturday that a decision had been made by troubled Ford Motor Co. to sell its stake in the Japanese automaker, but didn't rule out a possible deal.
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DETROIT (Reuters) - Billionaire investor Kirk Kerkorian sold part of his 6.5 percent stake in Ford Motor Co and could sell the rest of his stake in the No. 2 U.S. automaker, Kerkorian's investment vehicle Tracinda Corp said on Tuesday.
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Billionaire investor Kirk Kerkorian's Tracinda Corp. said Tuesday that it sold 7.3 million shares of the common stock of Ford Motor Co., as it is shifting its focus to the gaming and hospitality and oil and gas industries. Consequent to the sale, Tracinda reduced its stake in the automaker to just over 6%.
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Billionaire Kirk Kerkorian is unwinding his Ford Motor Co. stake after the auto industry recession cut the value of his $995 million holding by two-thirds and put his firm's gambling investments at risk.
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Detroit manufacturer looks to raise cash by selling about 20 per cent of Mazda in a sign of how much US carmakers are being hurt by the credit squeeze
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Mazda Motor sought to reassure investors that its three-decade manufacturing alliance with Ford Motor would survive an impending shake-out of the US auto industry
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Reliance Infrastructure Ltd has bought back 16,00,000 equity shares of the company in less than two weeks, a statement said here.
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Close on the heels of its peer General Motors Corp. selling the remaining 3% stake in Suzuki Motor Corp., automaker Ford Motor Co., which holds a 33.4% stake in Japan-based Mazda Motor Corp., has decided to sell about 20% of its holding, Japan's business news publisher Nikkei reported Tuesday.
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Mazda said that it would buy back 6.87 percent of its own stock from Ford for up to ¥17.9 billion, or $185 million, keeping them as treasury shares. More than 20 business partners will purchase the remaining 13 percent.
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Ford will end 12 years of control of Mazda through the sale of a 20 percent stake in the Japanese carmaker.
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TOKYO (Reuters) - Ford Motor Co, scrambling for cash as the U.S. Big Three automakers struggle to stay alive, will end 12 years of control of Mazda Motor Corp through the sale of a 20 percent stake in the Japanese carmaker for around $540 million.
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TOKYO -- Ford Motor Co. is slashing its stake in Japan's Mazda Motor Corp. by nearly two-thirds, joining other struggling U.S. automakers in a fire-sale of prized assets to stay afloat.
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Troubled US carmaker Ford Motor is selling a 20% stake in Japan's carmaker Mazda Motor, the Japanese company has said.
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Ford Motor is to raise around $540m of desperately needed cash by selling most of its stake in Mazda, its long-time Japanese affiliate and manufacturing partner
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Ford is selling part of its stake in Mazda Motor Corporation in a bid to help itself raise funds for "product-led-transformation".
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Ford Motor Company said Tuesday it was selling more than half of its stake in Japan's Mazda Motor Corp. in a bid to raise much-needed cash for the beleagured American car maker.
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TOKYO -- Ford Motor Co. is slashing its stake in Japan's Mazda Motor Corp. by nearly two-thirds, joining other struggling U.S. automakers in a fire-sale of prized assets to stay afloat.
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The U.S. automaker, scrambling for cash as it struggles to stay alive, has agreed to sell about two-thirds of its Mazda stake for about $538 million.
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Ford is to sell a 20pc stake in Mazda as the auto giant attempts to boost its cash position.
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Shares of General Motors Corp tumbled as much as 39pc to hit a 70-year low yesterday as prospects dimmed that lawmakers would reach a compromise on a proposed $25bn bailout for US automakers before Congress adjourns this week.
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DETROIT (Reuters) - Shares of General Motors Corp and Ford Motor Co jumped on Wednesday after Deutsche Bank said chances have improved for the struggling automakers to receive a government bailout.
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Inbursa, the bank owned by Carlos Slim, the Mexican billionaire, has bought up to $150m in Citigroup shares over the past week as the US financial group's stock plunged in value
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In a move likely to fuel speculation over Yahoo's search for a new chief executive, the activist investor Carl Icahn has bought up close to 7 million additional shares of the Internet company.
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DETROIT (Reuters) - Ford Motor Co said on Monday it was reviewing options for Volvo and could sell the luxury Swedish car brand, sending Ford shares up 8 percent.
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Kirk Kerkorian’s final pullout from Ford completed a costly retreat for the investor, who has a mixed track record with investments at all three Detroit automakers.
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NEW YORK -- Billionaire investor Kirk Kerkorian has sold his remaining 5 percent stake in Ford Motor Co., according to his investment company, Tracinda Corp.
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US Billionaire investor Kirk Kerkorian has sold off all of his remaining shares of Ford, completing a retreat from a high-profile stake in the automaker that cost him hundreds of millions of dollars.
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DETROIT (Reuters) - Billionaire investor Kirk Kerkorian has sold off all of his remaining shares of Ford Motor Co, completing a retreat from a high-profile stake in the No. 2 U.S. automaker that cost him hundreds of millions of dollars.
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Billionaire Kirk Kerkorian's third attempt to influence the U.S. auto industry has apparently failed. Pulling out of Ford completely, Kerkorian may have lost up to $700 million on his investment in that company.
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The investor spent about $1 billion acquiring a 6.5% stake in the struggling automaker this year, then saw the value of its stock plummet. Kirk Kerkorian wasn't kidding when he said he was putting the brakes on his latest foray into the auto industry.
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NEW YORK (Reuters) - Yucaipa Cos, a private equity firm controlled by billionaire Ron Burkle, said on Friday it had acquired an 8.3 percent stake in bookseller Barnes & Noble Inc , saying it believed the shares were undervalued.
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LOCAL shares down around 1pc as emergency rescue efforts fail to ease panic on world markets.
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Mid-East stock markets get further caught up in the global financial crisis, but some indexes regain value in late trading.
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Tata Consultancy Services on Wednesday said it will acquire Citigroup Inc's interest in Citigroup Global Services Ltd...
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