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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Quite shocking that Ford wants to give up Mazda.
this usually means mazda makes most of the collboration rather than the other way round…..
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.
mazda.. zoom.. zoom.. zoom.. i like it..
Ask Proton to buy over and re badge as Perdana replacement.
No, do NOT link Mazda to Proton in any way.
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