The US carmaker's decision, announced yesterday, follows the sale by General Motors of its interest in Japanese producer Suzuki, and underscores Detroit's narrowing financial options.
Ford burned through $7.7bn in the latest quarter and is lobbying the US Congress for aid, alongside GM and Chrysler, to weather its worst US sales slump in more than two decades. But few expect a bail-out package to be approved by the end of this year.
The Mazda sale represents close to two-thirds of Ford's 33.4 per cent stake, an interest it had built up over three decades, beginning in 1979.
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