Mazda Entering Talks With Ford to Shed Stake in Michigan JV

Newswire

TOKYO, April 25 (Reuters) - Mazda Motor Corp has agreed with Ford Motor to start talks to sell the U.S. carmaker all of its stake in a joint venture that runs the Flat Rock plant in the United States, Chief Executive Officer Masamichi Kogai said on Friday. Mazda posted an one-time extraordinary loss of 36.6 billion yen ($358 million) in the year that ended in March in anticipation of the loss it will see when it sells off its 50 percent stake in the joint venture called AutoAlliance ...

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