Ford has reduced its stake in Japanese automaker Mazda, cutting it from 11 percent to just 3.5 percent. As a result, Ford is no longer the top Mazda shareholder, which it has been for the past 31 years.
Despite a reduced stake in Mazda, both automakers said that they will continue to building cars together and will share technology. Years ago, the partnership saved Mazda as it teetered on the brink of bankruptcy. The move was also a symbol of a globalizing Japanese auto industry.
Today, Ford has been on a roll and has boosted its market share in its home market. The Blue Oval has seen tremendous success in other markets as well, including Europe and Asia. The reduced stake in Mazda will continue this momentum as it will raise funds for investment in emerging markets, particularly the Chinese market.
According to Mazda Dealers MD, Ford and Mazda will continue to cooperate in areas of mutual benefits such as key joint ventures. Among the current joint ventures is AutoAlliance International in Flat Rock, MI, where the companies produce the Ford Mustang and the Mazda 6 midsize sedan. The automakers also have a joint venture in Thailand, where they produce the Mazda 2, the Ford Fiesta and several other cars.