Ford minimizes Mazda stake to makes some fast cash

So, here's the deal. Liquidate assets and make cash, or hope for the best with the dwindling amount. Well, Ford made the decision to liquidate, and in this aspect, they reduced their holdings with Mazda down to 13%, and with the sale the Detroit auto maker will pocket a cool 540 million.

Even with the minimization of the Mazda stake, Ford is still the majority stockholder and will retain a seat on Mazda's board, which still allows the company to keep its options open should the opportunity present itself yet again to maybe increase its stake in the future.

While 540 million may seem like a lot, in the scheme of things it just seems like Ford is biding time waiting for the big chunk of change to come in. Will that happen? Knowing the US government, yes, but this has got to help the bleeding at least be a band aid--for now.

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