Mazda Sells Shares To Invest In Technology

Japan's Mazda Motor plans to catch up with its rivals in terms of improving the fuel efficiency of its product range, by selling shares to cover the investment needed. The carmaker expects to raise around US$1.1bn in the share sale, which will also reduce the stake held by US carmaker Ford Motor to around 11%. This could also reduce the role that Ford plays in Mazda's product

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