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| Version 0 | Version 1 |
|---|---|
| Ford 'may sell 20% Mazda stake' | Ford 'may sell 20% Mazda stake' |
| (30 minutes later) | |
| Shares in Japan's carmaker Mazda Motor have jumped 6.4% on reports that US carmaker Ford Motor may sell a 20% stake in the Japanese company. | Shares in Japan's carmaker Mazda Motor have jumped 6.4% on reports that US carmaker Ford Motor may sell a 20% stake in the Japanese company. |
| The Nikkei business daily newspaper said the stake could be sold as early as Tuesday. | The Nikkei business daily newspaper said the stake could be sold as early as Tuesday. |
| Ford owns a 33.4% stake in Mazda. The Japanese carmaker declined to comment on the Nikkei report. | Ford owns a 33.4% stake in Mazda. The Japanese carmaker declined to comment on the Nikkei report. |
| Ford has been hit hard by falling sales around the world and is seeking to raise cash. | Ford has been hit hard by falling sales around the world and is seeking to raise cash. |
| General Motors has sold its 3% stake in Japanese carmaker Suzuki for $230m (£156m). | General Motors has sold its 3% stake in Japanese carmaker Suzuki for $230m (£156m). |
| Declining value | Declining value |
| The possible sale of a 20% stake in Mazda was first reported more than a month ago. | The possible sale of a 20% stake in Mazda was first reported more than a month ago. |
| At that moment, the stake was valued at $850m. However, based on Mazda's share price on Tuesday, the value of the holding has fallen to $543m. | At that moment, the stake was valued at $850m. However, based on Mazda's share price on Tuesday, the value of the holding has fallen to $543m. |
| Ford first bought a stake in Mazda in 1979. It took control of the Japanese carmaker in 1996, saving it from potential bankruptcy. | |
| According to media reports, Ford's stake in Mazda may be bought by trading houses Sumitomo and Itochu, insurance companies, car parts maker Denso, as well as by Mazda itself. | According to media reports, Ford's stake in Mazda may be bought by trading houses Sumitomo and Itochu, insurance companies, car parts maker Denso, as well as by Mazda itself. |
| The "Big Three" US car firms Chrysler, Ford and GM are seeking a total $25bn in emergency US government loan. | The "Big Three" US car firms Chrysler, Ford and GM are seeking a total $25bn in emergency US government loan. |