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Mazda increases stake in China sales ture

Japan's Mazda Motor Corp. said April 30 it has spent RMB 49.5 million (US$7.2 million) to raise it stake in a joint venturesales company in China. The deal allowed Japan's third-largest car maker to increase its share in FAW-Mazda Motor Sales Corp.to 40 percent from 25 percent. Mazda's investment increased the joint venture's registered capital from RMB 100 million to RMB125 million， according to China Daily in May 1st.