reportedly plans to cut its stake this week in Japanese carmaker
to 3% from 11%.
newspaper reports Tokyo-based trading house
would be among about 10 Japanese companies buying Mazda shares from Ford.
Mazda said the
report Wednesday wasn't based on anything it had said. Any decision would be announced at an appropriate time, Mazda said, the
A Ford Japan spokesman had no comment for the
, citing a source with knowledge of the matter, said an announcement of the change in ownership could come as early as Thursday.
Ford raised its stake in Mazda to 33.4% in 1996, but reduced it to 13% in 2008. The stake has since declined to about 11% because Mazda issued shares.
-- Written by Joseph Woelfel
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