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Ford intends to hike stake in China's Jiangling Motors -source
Reuters

BEIJING | Thu Dec 16, 2010 10:33pm EST


Dec 17 (Reuters) - Ford Motor (F.N) intends to raise its 30 percent stake in Jiangling Motors Corp (000550.SZ), a major Chinese light commercial vehicle maker, a person with direct knowledge of the matter said on Friday.

"Joe Hinrichs expressed an interest to increase Ford's stake in Jiangling when meeting with the governor of Jiangxi province earlier this week," said the source.

Hinrichs is president of Ford's Asia and Africa operations. He also assumed the role as chairman and chief executive for China in November.

A spokesperson with Ford China declined to comment. Jiangling Motor executives could not immediately be reached for comment.


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It would be interesting if they do... kind of strange though that they lower their stake in Mazda and increase in Jiangling
 
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