Recent reports have surfaced that suggest Mazda is currently on the market for funding to the tune of $1.1 billion to help speed up their hybrid vehicle development.
To secure this funding Mazda will be issuing 96.8 million treasure shares and 315.2 million new shares and then reinvest the collected money back into their company. In addition to hybrid development, Mazda will be looking at other environmentally friendly technologies to help power their cars and get back into the green movement game.
Will it work? Only time will tell.
Read (Reuters)
Tags: development, funding, hybrid, Mazda