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For the fiscal year ended March, Mazda's losses ballooned from 60 billion yen to 107 billion yen ($1.3 billion) as vehicle sales declined across all regions except for North America. It is planning a return to the black for the fiscal year through March 2013. Dearborn-based Ford bought 25 percent of Mazda in 1979, raising it to 33.4 percent in 1996. But Ford began cutting ties in 2008, and in 2010 lowered its ownership to 3.5 percent. Ford now has a 2 percent stake in Mazda. Mazda and Ford have partnerships in production in China, Thailand and North America. Mazda does not have flashy green technologies of the bigger Japanese rivals, like Toyota Motor Corp.'s hybrids or Nissan Motor Co.'s electric car. Last year, it said it will stop making its reputed rotary engine in yet another, although symbolic, blow.
[Associated
Press;
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