Ford reduces Mazda stake from 33.4% to 13

mazda logoAnother one of the big 3 is dumping their stocks in other car brands in order to stay afloat. This time it’s Ford will be reducing their 33.4% stake in Mazda to just slightly over 13%. Part of the stake will be bought back by Mazda and the rest by a group of Mazda’s business partners at a price of 184 yen per share. The “business partners” have not been named but some of them are rumoured to be Sumitomo, Itochu, Tokio Marine Holdings and Denso.

“The sale of Mazda shares by our partner, Ford, will not result in any change in Mazda’s strategic direction and we will continue to accelerate our product-led brand improvement and cost innovation initiatives. We will continue our strategic relationship through our ongoing joint ventures with Ford, as well as the sharing of platforms and powertrains,” says Mazda’s Chairman, President and CEO, Hisakazu Imaki.

What that means is that the Mazda 3 will continue to share platforms and engines with the Ford Focus, the Mazda 2 with the Fiesta, Duratec and MZR will be still be one and the same, and so on.

Hisakazu Imaki will cease to be the President and CEO, with the vacant posts to be taken up by Takashi Yamanouchi who previously held the post of Executive Vice President and Assistant to President in charge of corporate liaison, purchases, HR, admin, secretariat and auditing. David E. Friedman who is currently CFO will be replaced by Kiyoshi Ozaki.

There are also a few other Western names like Daniel Morris, David Stickel and Anthony Pastor who will step down as a result of the reduced Ford shareholding.

Related Posts:
Ford wants to sell Mazda to… Mazda?

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Paul Tan

After dabbling for years in the IT industry, Paul Tan initially began this site as a general blog covering various topics of personal interest. With an increasing number of readers paying rapt attention to the motoring stories, one thing led to another and the rest, as they say, is history.

 

Comments

  • mystvearn (Member) on Nov 18, 2008 at 7:50 pm

    Rivals like this big time. Can bungkus one top automaker at same time. I think that volvo is the last brand to be “sold off” if the current conditions continues.

    Like or Dislike: Thumb up 0 Thumb down 0
  • delos3nos (Member) on Nov 18, 2008 at 11:02 pm

    bad time for ford have to sell off its tuxedo hope its don’t need to sell off its under ware.

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  • NiceCar (Member) on Nov 19, 2008 at 8:18 am

    share same platforms and engine may save a lot of the cost..
    i think mazda will buy back their own share from Ford..

    Like or Dislike: Thumb up 0 Thumb down 0
  • ALPINA Burkard Bovensiepen GMBH + Co. KG (Member) on Nov 19, 2008 at 9:58 am

    is this a good or bad thing?

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  • torque (Member) on Nov 19, 2008 at 12:34 pm

    Good…give it back to the Japs!!

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  • jagermeister (Member) on Nov 20, 2008 at 12:26 am

    Japs are good car markers but lousy at managing it.

    That’s why they have a Brazilian French at the helm of Nissan…and have Yanks auto makers as stake-holders in their company.

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  • hidrogentank (Member) on Nov 20, 2008 at 1:43 pm

    jagermeister said,
    November 20, 2008 @ 12:26 am

    Japs are good car markers but lousy at managing it.

    That’s why they have a Brazilian French at the helm of Nissan…and have Yanks auto makers as stake-holders in their company.

    —————————————————————-
    dude, that was so yesterday,and only nissan has this scenario.japs make good cars and are good at managing as well.hey, everyone moves forward.anyway,tables have turned now,d big 3 r in deep shit.anyone supporting the bailout?

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  • torque (Member) on Nov 20, 2008 at 3:51 pm

    jagermeister said,
    November 20, 2008 @ 12:26 am

    __________________________________________________________________________

    Not all of them are lousy bro. Compare them to the Brit. Mini lost to the Germans (BMW). So does their Rolls Royce. Aston Martin lost to Americans (Ford) but now they also got bigger problems! The Jags has fall to the Indians (*Tata) . Lotus lost to Malaysian somemore (Proton). Their Land Rover also lost to…again, Ford. Others prestige brand like Bentley falls to VW. Don’t forget the classic name like MG which falls to the Chinese (Nanjing Automobile).

    Again, not all Japs are lousy since mighty Toyota already take over 20% stocks in Fuji Industries (Subaru). Honda too is very good at managing their company. Not saying that you are all wrong, just that in my opinion the Japs is ain’t that lousy!

    *Correct me if I’m wrong.

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  • torque (Member) on Nov 20, 2008 at 3:52 pm

    Oh! Cheers bro. Happy motoring.

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  • ALPINA Burkard Bovensiepen GMBH + Co. KG (Member) on Nov 21, 2008 at 9:02 am

    torque said,

    November 20, 2008 @ 3:51 pm

    jagermeister said,
    November 20, 2008 @ 12:26 am

    __________________________________________________________________________

    Not all of them are lousy bro. Compare them to the Brit. Mini lost to the Germans (BMW). So does their Rolls Royce. Aston Martin lost to Americans (Ford) but now they also got bigger problems! The Jags has fall to the Indians (*Tata) . Lotus lost to Malaysian somemore (Proton). Their Land Rover also lost to…again, Ford. Others prestige brand like Bentley falls to VW. Don’t forget the classic name like MG which falls to the Chinese (Nanjing Automobile).

    Again, not all Japs are lousy since mighty Toyota already take over 20% stocks in Fuji Industries (Subaru). Honda too is very good at managing their company. Not saying that you are all wrong, just that in my opinion the Japs is ain’t that lousy!

    *Correct me if I’m wrong.
    ———————————-
    we must thank the stupid yanks in making toyota and honda the great force they are today. meanwhile, i will be supporting fiat group.

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  • hidrogentank (Member) on Nov 21, 2008 at 12:35 pm

    yeah,mazda rules haha!….(rx7 fan)

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  • Heartburn Home Remed on Apr 16, 2009 at 4:17 am

    This topic is quite trendy in the net right now. What do you pay attention to when choosing what to write ?

    Like or Dislike: Thumb up 0 Thumb down 0
 

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