Ford, Mazda build plant

Mon, 07 Jul 1997 | Source: REUTERS

NEW YORK (Reuter): Ford Motor Co and Mazda Motor Corp may build a new Asian auto plant to expand their production in the region, Bloomberg News reported in the New York Times.

The companies are considering building Mazda-developed cars in the Philippines, the paper said.

A Mazda spokesman said the companies are looking into a variety of joint business opportunities together, including manufacturing ventures, the paper said.

Ford now owns one-third of Mazda. Officials from Ford were not immediately available to comment.

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