Ford looking to sell most of its stake in Mazda?

Posted in Cars, Ford, International News, Mazda / By /

Ford logo According to a report by Japanese business daily Nikkei late last week, Ford is looking to sell a majority of its remaining 11% stake in Mazda – reducing it to 3% or less – to Sumitomo group businesses and other companies with working ties with Mazda.

The daily added that the shares sale is expected to lead towards both automakers slowly parting ways in terms of cooperation. Ford, however, has said that the report is mere speculation, and that its ownership stake in Mazda remains unchanged.

In acquiring 25% of Mazda’s outstanding shares, Ford became Mazda’s top shareholder in 1979, and in 1996 gained management control when it raised its stake to 33.4%.

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Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.

 

Comments

  • The Loner on Oct 18, 2010 at 2:20 pm

    Quite shocking that Ford wants to give up Mazda.

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  • nabill on Oct 18, 2010 at 2:28 pm

    this usually means mazda makes most of the collboration rather than the other way round…..

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  • squall_shinoda on Oct 18, 2010 at 4:32 pm

    Not a big surprise anyway, because Ford was also greatly affected by the 2008-2009 US automotive industry crisis, even though not as severe as GM and Chrysler. Ford is still recovering, so selling its stake in Mazda (though not all) has already been epected to ease Ford financially. If Ford is able to recover to be what it used to be, then expect more stakes in Mazda will be bought in the future.

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  • vroom on Oct 18, 2010 at 11:54 pm

    mazda.. zoom.. zoom.. zoom.. i like it..

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  • fantausy on Oct 19, 2010 at 12:28 am

    Ask Proton to buy over and re badge as Perdana replacement.

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  • Andrew on Oct 19, 2010 at 3:49 am

    No, do NOT link Mazda to Proton in any way.

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  • will-kill-for-exclusivity on Oct 20, 2010 at 2:40 am

    i wonder who will buy Mazda at a time like this

    tata had to take a loan for the jaguar-land rover deal, while mahindra got in with ssangyong(i wish mahindra should have got in with mazda)

    VW recently got tied with suzuki

    GM is still confused about opel, besides the internal issues

    FIAT “recently” bought Chrysler so both are out question.

    Toyota too “recently” bought subaru

    Renault -Nissan alliance is already confusing, both being mass market brands.

    the only contenders left are either

    -the Chinese companies,

    -the Hyundai-Kia group(i wonder they may buy mazda and move the brand upmarket to fill in for themselves)

    -the Daimler AG

    -BMW group

    and maybe some not so well known auto manufacturer might sprout out like spyker came for SAAB

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