Top new models for SA

From Renault's new Alaskan bakkie to the latest models at the Frankfurt motor show bound for SA.

Electric cars in SA

The debate on whether or not Electric Vehicles (EV) are viable in South Africa rages on.

Mazda to buy own shares from Ford

2008-10-23 09:42

Mazda is planning to buy back half of its own shares to be sold by Ford, Asahi newspaper reported on Thursday.

Cash-strapped Ford, which has a 33.4 percent stake in the Japanese automaker, will likely to sell about 20 percent, the paper said. Mazda wants to buy half, and some 10 firms will buy the other half, it said.

Media have said likely buyers include financial institutions such as Tokio Marine Holdings and Mitsui Sumitomo Insurance Group Holdings, and others such as trading house Sumitomo and parts maker Denso.



Inside Wheels24

There are new stories on the homepage. Click here to see them.