Worse! Ford to sell 20% shares to Mazda

American car manufacturer, Ford Motor Co. (Ford) finally forced to sell 20% sahamnya company in Japan Mazda Motor Corp. to raise funds kasnya.

Shareholders are expected to be purchased by the group of trading house and insurance companies, and car spare parts supplier Denso Corp. disclosed as a source in the Ford Tuesday (18/11).

Daily Nikkei write Japanese car manufacturer Mazda fifth largest possibility to buy some shares sold by Ford, is currently the largest shareholder in the Japanese car manufacturer with 33.4 percent share.

20 percent share is worth around 50 billion yen (U.S. $ 515 million) based on stock prices on Tuesday.

Toyota spokesman Mazda Tanaka said he could not confirm the report.

Ford invested in Mazda for the first time in 1979 and became sahamnya increase 33.4 percent in 1996 when Mazda business decreased.

Both the company and reach profitability with the development of the compact car, so Mazda restore financial health.

But then, that Ford would lose U.S. $ 129 million in the third quarter of this year, and 10 percent are reducing their work.

United States car manufacturers are currently working to seek assistance from the government to overcome their financial problems

Hyundai-Kia Corporate Open

Automotive company home South Korean Hyundai-Kia awarded Car Company Of The Year Award in the event Car Of The Year (COTY) 2008 version of the magazine Autocar.

Hyundai and Kia merger into a group of automotive companies five years ago. Some economic analysts and automotive markets will be more skeptical of this decision.

However, the two companies is neck and neck into the automotive companies always want to improve. Evidence within the last five years Hyundai-Kia into a successful automotive manufacturer to the five largest in the world.

In the area of European design and engineering team Hyundai-Kia is working hard to meet the European market is still accepted by the market well. Besides the consideration of this victory is the jury assess the management and after sales service (after sales service) Hyundai-Kia satisfying the customers