Ford cuts Mazda stake

Ford Motor Co. is reducing its stake in Mazda Motor Corp. to 3.5 percent, from 11 percent.

"Both companies are committed to continuing our strategic partnership, which spans over 30 years," Mazda CEO Takashi Yamanouchi said in a statement. "Mazda and Ford will continue to collaborate on areas of mutual benefit such as key joint ventures, joint projects and exchange of technology information."

— Douglas Bolduc

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