Ford To Reduce Stake In Mazda

Ford Motor Company announced that it is reducing its stake in Mazda Motor Corporation from 11 percent to 3.5 percent.

Ford said the decision to reduce its ownership stake in Mazda allows it to increase flexibility as it continues to pursue growth in key emerging markets. Ford said it plans to remain one of Mazda's largest shareholders and remains committed to its strategic partnership with Mazda, which spans more than 30 years.

Ford and Mazda will continue to cooperate in areas of mutual benefits such as key joint ventures and exchange of technology information, Ford said.