Suzuki cuts stake in Chinese minivan maker Changan

Newswire

SHANGHAI, Sept 26 (Reuters) - Japan's Suzuki Motor Corp said on Thursday it has cut its stake in China's biggest minivan maker, Chongqing Changan Automobile Co Ltd , by more than half to 4.984 percent. Changan makes compact cars with Suzuki through a joint venture and is building a $98 million 50-50 car plant with U.S. Ford Motor Co . "As of September 23, 2002, our company has sold an accumulative 61.37 million B shares in Changan through the Shenzhen stock exchange, accounting for 5.003 ...

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