Outlook For Ford Gets Worse

As the economic slowdown and falling consumer spending cuts a swathe through the US auto industry, Japanese press has reported that US giant Ford will sell up to 5% of its Mazda Motor subsidiary to Hiroshima Bank, in a move that further highlights Ford's current malaise and the more general plight of the industry. Ford has been searching for buyers for part of its 33.4% stake to local firms, as it tries to raise cash amid plummeting sales at home. Already this year it has sold its coveted Jaguar and Land Rover brands to India's Tata Motors, while it is

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