Mazda increases stake in China sales venture

BEIJING, May 1 (Xinhua) -- Japan's Mazda Motor Corp. said Thursday it has spent 49.5 million yuan (7.2 million U.S. dollars) to raise it stake in a joint venture sales 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...