TOOLS PRINT EMAIL Ford to Sell 20 Percent Stake in Mazda to Raise Money By Liz Opsitnik Tuesday, 18 November 2008 07:10 Ford is selling 20 percent of its 33.4 percent stake in Mazda to raise money during the automaker’s tough financial times. By selling the 20 percent stake, Ford would make about 52 billion yen ($540 million). Ford lost $8.7 billion in the second quarter, its worst ever result, and has spent $11 billion of its cash stockpile in the past year, reports the AP and MSNBC. Despite the 20 percent stake sale, Mazda said the two companies will continue their strategic relationship.   Photo via automotoportal.com.

• December and 2008 Sales Figures Are In, and They're Exactly What We Expected
  The year was dismal for most automakers, with sales plunging by double digits for a lot of companies ...
  
• Isuzu Throws In the Towel
  If you were planning to buy a new Isuzu, this is your last chance. The company has announced th ...
  
• GMAC No Longer Exclusive GM Lender
  GMAC has lost its exclusive rights to offer low-interest loans to customers who want to purchase GM ...
  
• Less Recalls in 2008 than 2007
  The National Highway Traffic Safety Administration found that recalls for automobiles and light truc ...
  
• Happy Holidays From Auto Loan Daily!
  The Auto Loan Daily team will be on vacation until Jan. 2, so you’ll have to do without update ...
  
• Opinion: A response to WSJ’s “Escape Your Car”
  The Wall Street Journal’s Return On Investment is a regular opinion piece where Brett Arends o ...
  
• Truck Sales Climb as Gas Prices Fall
  Trucks and SUVs will outsell cars in December, according to experts at Edmunds. Trucks will mak ...
  
• Despite Bridge Loans, Two More GM Plants Shut Down
  Tomorrow is the end of the line for workers at General Motors’ Moraine, Ohio and Janesville, W ...
  
• Ford Shutting Down 10 Assembly Plants
  Ford is in the process of shutting down 10 of its assembly plants in North America until the week of ...
  
• Toyota to Post First Loss in Company History
  Since Toyota Motor Corp. began reporting its financial earnings in 1941, it has never posted a loss ...
  

December and 2008 Sales Figures Are In, and They're Exactly What We Expected
The year was dismal for most automakers, with sales plunging by double digits for a lot of companies. So far (not all automakers have reported 2008 sa ... Read More

Isuzu Throws In the Towel
If you were planning to buy a new Isuzu, this is your last chance. The company has announced that on January 31, it will stop selling its light-d ... Read More

GMAC No Longer Exclusive GM Lender
GMAC has lost its exclusive rights to offer low-interest loans to customers who want to purchase GM vehicles. The loss is part of GMAC’s fe ... Read More