Denso: No Truth To Report To Buy Mazda Stake From Ford

TOKYO - Denso Corp. said Thursday there is no truth to a report it plans to buy part of Ford Motor Co.’s (F) stake in Mazda Motor Corp. .

“While there were media reports about the stake purchase, it is not something the company has released and it is not true that we have made a concrete decision to purchase Mazda shares,” the core auto parts manufacturer within the Toyota Motor Corp. said in a statement.

The Nikkei reported earlier Thursday that Ford had asked Denso to purchase part of its stake in Mazda, and that Denso is likely to consider purchasing some of the shares.

source:cnn money

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