Ford Decreasing Stake in Mazda but Will Still Be Friends
Ford Stake in Mazda – Who Gets the Kids?
Mazda said in a statement, "In the best interests of Mazda’s stakeholders and other shareholders, the remaining 7.5 percent will be transferred to Mazda’s business partners via off-auction trading through the Tokyo Stock Exchange. Mazda and Ford have agreed to continue their strategic partnership and this change in shareholding will not affect Mazda’s business direction or financial projections."
Ford said in a statement the decision to reduce its ownership stake in Mazda allows it to increase flexibility as it continues to pursue growth in key emerging markets. Ford said it plans to remain one of Mazda’s largest shareholders and remains committed to its strategic partnership with Mazda, which spans more than 30 years.
Changan Automotive Group, Ford Motor Company, and Mazda Motor Corporation are partners in a joint venture contract for an engine plant in the Jiangning Economic and Technological Development Zone (NJDZ) at Nanjing, in the Jiangsu Province of eastern China. The engine plant supplies engines to assembly facilities in China.