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JAPAN: Mazda denies Ford speculation

By just-auto.com editorial team | 20 October 2010

Mazda has poured cold water on speculation it could alter the status of its capital relationship with Ford.

Some reports had indicated Ford might consider selling its stake in Mazda, but the Japanese automaker quashed the rumours today (20 October).

Responding to media reports on 16 October, Mazda said in a statement: "
Today's news report about a change in the capital tie-up between Ford and Mazda was the result of speculation by the journalist."

"Mazda and Ford continue to enjoy a close strategic partnership and
there is no change to this relationship. As before, we continue to
cooperate in areas of mutual benefit. We do not comment on
speculation."