New Sasol GTC cars set for thrills

The iconic Grand Prix Circuit will present a new challenge to the GTC drivers as they tackle the country’s fastest racetrack on June 16.

Suzuki’s new Swift hatch and sedan in SA

Suzuki kicks off its new model assault with an all new Swift hatchback and standalone sedan called the Dzire.

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.



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