Ford breaks bond with Mazda, sells its stake in the company

Ford breaks bond with Mazda, sells its stake in the company

Free Online Articles Directory

Why Submit Articles?
Top Authors
Top Articles
FAQ
ABAnswers

Publish Article

0 && $.browser.msie ) {
var ie_version = parseInt($.browser.version);
if(ie_version Login

Email

Password

Remember me?
Lost Password?

Home Page > Automotive > Cars > Ford breaks bond with Mazda, sells its stake in the company

Ford breaks bond with Mazda, sells its stake in the company

Edit Article |

Posted: Oct 21, 2010 |Comments: 0
|

]]>

News rolling out from the East reports that American auto manufacture, Ford Motors is planning to cut its bonds with The Japanese auto maker, Mazda Motor Corp and sell its stake in the latter which would mean that Ford Car will now hold 3 per cent in the Japanese company as opposed to the 11 per cent it did previously. Though the decision has not been voiced publicly, it is speculated that Ford’s mere 11 per cent share in Mazda that has trickled down to 3 might affect the market value of tha latter’s share. The move by Ford comes as a surprise especially after the two companies declared amicable relations a while ago. Ford initially had 33.4 per cent share in Mazda which they reduced to 13.8 per cent in the year 2008 However some are of the opinion that while Mazda might be on a lookout for partner to grow in the current competitive environment, it may meanwhile capitalize on its own technology avoiding takeovers by companies overseas. News doing rounds in the auto industry suggest that Japanese business partners of Mazda and Sumitomo Corp, a trading house are in discussions with Mazda to buy out shares being sold by Ford. The sale will probably take shape by the end of this year, sources reveal. Sumitomo presently has 2.9 per cent share in the Japanese automaker, Mazda It is worthwhile mentioning that Ford and Mazda have shared assembly plants, platforms and motors throughout the functioning of both the companies. Mazda Miata sold currently is powered by the Ford Duratec motor. On the other hand, the compact Ford Courier pick up truck was actually a Mazda B Series truck. The two models are only the tip of the iceberg in context of what the two companies shared. Ford seems to be on a selling spree, selling its stake in companies other than Mazda, such as Jaguar, Land Rover, Aston Martin and Volvo. The shares with Ford’s name on it had been sold to the highest bidders in the past.

Retrieved from “http://www.articlesbase.com/cars-articles/ford-breaks-bond-with-mazda-sells-its-stake-in-the-company-3517117.html”

(ArticlesBase SC #3517117)

Submit articles to Articlesbase.com, and watch your traffic increase. Click here to make it happen.
Liked this article? Click here to publish it on your website or blog, it’s free and easy!

Cardekho2010 -
About the Author:

Keep yourself updated for more information on Sell Cars and all other Used Cars at cardekho.com.

]]>

Questions and Answers

Ask our experts your Cars related questions here…

Ask

200 Characters left

How is ford motor company doing?
How many employees does ford motor company have?
How many copies did battlefield bad company 2 sell ?

Rate this Article