Ford Motor (F) will slash its stake in Mazda Motor to 3.5% from 11%.
The deal, which is expected to be completed Friday, will mean that Ford is no longer the top shareholder in Mazda, The Associated Press said. Ford has been Mazda’s biggest sharehold…
The automaker plans to roll out its first all-electric passenger car in 20 U.S. cities late next year.
Continue reading Ford to Introduce Electric Focus in Key U.S. Markets in Late 2011
Ford to I…
Stock in Ford hit levels not seen since the summer of 2004 Thursday, a day after the Dearborn, Mich., automaker reported solid sales for the month of October. The stock rose as much as 4.3% to $15.83 a share in morning trading …
Buoyed by consumers’ increased confidence in the U.S. economy, most automakers reported higher sales of cars and trucks in the U.S. during October compared to a year ago — making it the best October in three years for the auto…
Carmakers are expected to report a mixed picture for October sales: mostly better than a year ago, but down slightly from September. Still, the pace appears strong enough that the upper end of full-year forecasts is reachable.
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