Ford has just announced the sale of part of its ownership interest in Mazda.

-dave

"The automaker will sell 20% of Mazda today, reducing its holdings to
about 13%. Mazda said that it will buy back up to a 6.9% stake for as
much as 17.9 billion yen ($186 million). Unidentified "strategic
business partners" will purchase the rest of the shares."

http://www.freep.com/article/20081119/BUSINESS01/811190372

Very good news. The top brass just does not get it. I work there, I have spoken with them face to face. They have 76 MPG "C" class cars (5 adult passenger) they sell at a profit to the rest of the world for the equivalent of $16K USD.  Because their spreadsheet says the R.O.I. for diesel this cheep engine is longer than their "EcoBoost", no American will buy a 76 mpg car. If that was true, rather than 70% of their SuperDuty trucks should all be gas rather than the diesel engines because the formula for an engine they buy from a US supplier is much, much more than the 1.4L DuraTorq they sell to Peugeot and use in their own C class.

More of an example, this week, the Bog 3 top brass all flew to D.C. from Detroit on separate private jets to ask for loans, no plans in pocket... I guess they never heard of "Jet-pools" let alone First Class.

Anonymous.


You are forgetting the NOX rules.

Paul Lamar