Ford to Cut Stake in Mazda by 20 Percent

Ford to Cut Stake in Mazda by 20 Percent

www.foxnews.com

Japan's Mazda Motor Corp. says U.S. automaker Ford Motor Co. will cut its stake in Mazda to 13 percent from 33.4 percent.

(visit the link for the full news article)

Well, here is an original idea. Liquidate assets to generate cash. I can only hope that the big 3 will continue to sell off assets.

In these trying economic times, I am seeing and reading stories about the increase in activity at pawn shops and sites such as craigslist. People are selling extraneous items to generate cash. Time for Detroit to pony up and do more of the same.

www.foxnews.com
(visit the link for the full news article)

reply to post by jibeho

Well, here is an original idea. Liquidate assets to generate cash

Yes, it seems like a brilliant move doesn't it? Maybe they could just lay off ALL of the employees and brag about how much less overhead they have? Then they could give themselves a big bonus with all of the money that they saved.

Better to sell off assets than to hit up the govt.

Will they squander the cash? Most definitely. If not, we wouldn't have anything to talk about.

Sorry, I am tired. I read that as "Liquidate the assets thatgenerate cash". As in, Mazda is probably the only profitable part of the company.

It doesn't really matter though. There is no saving them at this point. I don't see how a bailout or any sort of asset liquidation would help them.

Well that sure sounds crazy,the only Ford product I would buy would be a Mazda,they are good cars how ironic,when I heard about them buying Jaguar and Land Rover ,I got to thinking there is a way to make them more unreliable,as a LR owner I've become personal friends with my mechanic

G.M. Sells Suzuki Stake in Its Effort to Raise Cash

GMs doing it too . . . this came across the wire yesterday.

General Motors will sell its entire stake in Suzuki Motor Corporation, the Japanese automaker, for 22.37 billion yen ($230 million), G.M.’s latest move to stay afloat while awaiting a decision from Washington on aid for the industry

source

Then Suzuki turned around and laid off 600 workers in Ontario.

See ya!!