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Business

Ford sells remaining stake in Mazda

TOKYO -- Ford Motor sold its remaining interest in Mazda Motor by the end of September, winding down a capital partnership that lasted well over three decades, The Nikkei learned Friday.

     The U.S. company took a 25% stake back in 1979, when the Japanese automaker was reeling from the second oil crisis. Ford raised its stake to 33.4% in 1996 and sent four managers to fill Mazda's presidency between that year and 2003.

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