DEARBORN, Mich. (AP) -- Ford Motor Co. said Sunday its relationship with Mazda Motor Corp. has not changed, in the wake of media reports that the automaker plans to sell down its stake.
Ford spokeswoman Mark Truby said the company does not comment on speculation about its stake in Mazda. But he said Sunday the company's relationship with Mazda has not been changed.
"We continue to have a collaborative relationship with Mazda," he said.
Nikkei reported Saturday that the Detroit automaker plans to sell down its 11 percent stake in Mazda, which is based in Japan.
Ford owned as much as 33.4 percent of Mazda until 2008, when it reduced the stake to 14 percent.
Nikkei, citing unnamed sources, said partners of Mazda are in talks to buy Ford's shares and a decision was likely by the end of the year.
Ford spokeswoman Mark Truby said the company does not comment on speculation about its stake in Mazda. But he said Sunday the company's relationship with Mazda has not been changed.
"We continue to have a collaborative relationship with Mazda," he said.
Nikkei reported Saturday that the Detroit automaker plans to sell down its 11 percent stake in Mazda, which is based in Japan.
Ford owned as much as 33.4 percent of Mazda until 2008, when it reduced the stake to 14 percent.
Nikkei, citing unnamed sources, said partners of Mazda are in talks to buy Ford's shares and a decision was likely by the end of the year.
