Both Ford and Mazda are mum on the subject. Ford spokesman Mark Truby claimed only that his company's relationship with Mazda has not changed, while Mazda stated flatly that "nothing has been decided." Highlighting the urgency with which Ford must act is Standard & Poor's consideration of further downgrades to Ford's credit rating this week, which would send it deeper into junk status.
Ford CEO Alan Mulally insists that filing for bankruptcy does not make sense to the company, and said they plan instead to focus on a company turnaround and exceedingly careful cash management. Whether or not Ford and Mazda part ways, the Nikkei newspaper claims that Ford and Mazda will continue to produce engines and vehicles together such as the corporate 3.7-liter V-6 found in the Mazda6 and Lincoln MKS.--Colin Mathews