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Tuesday, Nov 18

Ford sells 20% stake in Mazda for $538 million; keeps 13%

LOS ANGELES - Cash-needy Ford Motor (F) is selling about two-thirds of its 33.4% controlling stake in Mazda Motor for about $538 million.Ford will keep about 13%, while Mazda will buy about 6.9% of its shares from Ford for up to $185 million, it said. About 20 Mazda partners will buy 13%. Mazda is...

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