Japanese car firm Mazda has denied that Ford is about to sell its stake in the firm.
Media reports in Japan have claimed Ford was thinking of selling its one-third stake in the Hiroshima-based auto-giant.
Ford would maintain some of its stake in Mazda as well as management ties, public broadcaster NHK said, but it did not reveal the source of its claims.
Mazda issued a statement, saying: "Nothing has been decided. Any important decision will be disclosed."
Michigan-based Ford said in a statement: "We do not want to comment on speculation. Our relationship with Mazda has not changed."
Any move would be a symbolic retreat for US car firms in Japan. General Motors has sold off its stakes in Japanese automakers in recent years.
But offloading links to Mazda, which makes the RX-8 sports car and Miata roadster, would furnish Ford with much needed capital as it tries to turn around its fortunes.
Ford has used nearly $11 billion of its cash stockpile in the past year amid a drastic downturn in US car sales. It reported its worst-ever quarterly loss of $8.7 billion in the second quarter.
Speculation that it may file for bankruptcy, denied by Ford, has seen its stock price plunge to a 25-year low.
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