Is this a company owned by larger automaker, etc gm ford?
At one time yes ford own 38% of mazda.
I thought they still owned Mazda in part? Some of the Mazda6 is built in the same place as the Mustang.
they own 33.4% lol, and from what i have been reading they are thinking of selling some of there shares since they hurting in sales, im pretty sure they sold off land rover and Aston martin.
For the 3 im pretty sure they use a ford built body but ford uses alot of mazda motors in there ford and volvo’s
Ford and mazda share most platforms, as does volvo. Two japanese men are trying to buy ford’s stake.
FORD SELLS A PORTION OF ITS STAKE IN MAZDA; TWO COMPANIES WILL CONTINUE STRATEGIC RELATIONSHIP
Ford Motor Company said it will sell a portion of its ownership stake in Mazda Motor Corp., and the two companies will continue their successful strategic relationship. The ratio of Ford’s ownership of Mazda stock has been reduced from 33.4 percent to just over 13 percent.
The action is in line with Ford’s plan to strengthen its balance sheet and ensure it has the resources to fund its product-led transformation plan focusing on the Ford brand worldwide.
Under the new agreement, Ford and Mazda will continue their ongoing joint ventures, as well as the sharing of platforms and powertrains. Ford and Mazda’s nearly 30-year relationship has been and continues to be an effective way to utilize the resources of both organizations and maximize joint synergies.
The divestiture of Ford’s shares in Mazda will be accomplished both through the sale of shares to Mazda and the sale of shares to a group of Mazda’s strategic business partners.
DEARBORN, Mich., November 18, 2008 – Ford Motor Company today announced it has entered into an agreement to sell a portion of its stake in Mazda Motor Corp. and that the two companies will continue their successful strategic relationship that spans nearly 30 years.
In line with Ford’s plan to strengthen its balance sheet and ensure it has the resources to implement its product-led transformation plan focusing on the Ford brand worldwide, the company said it is reducing its stake in Mazda from 33.4 percent to just over 13 percent.
Under the agreement, the divestiture of Ford’s shares in Mazda will be accomplished both through the sale of shares to Mazda and the sale of shares to a group of Mazda’s strategic business partners. The sales of the Mazda shares will net Ford approximately $540 million.
“This agreement allows Ford to raise capital that will help fund our product-led transformation, and at the same time, allows Ford and Mazda to continue our successful strategic relationship in the best interest of both companies,” said Ford President and CEO Alan Mulally. “Ford will continue to focus on the Ford brand worldwide and deliver the products our customers really want and value.”
Ford and Mazda will continue their ongoing joint ventures, as well as the sharing of platforms and powertrains. Ford will remain Mazda’s largest shareholder and will maintain a seat on Mazda’s Board of Directors.
“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,” said Mazda Chairman, President and CEO Hisakazu Imaki. “We will continue our strategic relationship through our ongoing joint ventures with Ford, as well as the sharing of platforms and powertrains.
fatti, did I see you driving around in Bridgeville last Friday? Did you get your license back?
he did
the lincoln mkz, mercury milan and ford fusion are all based off the mazda 6 platform
ya i got it that day when you saw you me haha,
But its been a long day at work and im stumped on who you are lol, sorry bud
Haha no worries. It’s Jason. I met you and Levi at his house to put my HID’s in back in June. I have the gray MZ3
ok ok i remember now, i didnt recognize the name, i found the the stuff to do the HD lip so if you want to do it let me know.