Why did Ford and Mazda break up?
Why did Ford and Mazda break up?
Ford saved Mazda from bankrupcy and it was a win for both Ford and Mazda. Amidst the world financial crisis in the fall of 2008, Ford was contemplating a sale of its stake in Mazda as a way of streamlining its asset base. On November 18, 2008, Ford announced that it would sell a 20% stake in Mazda, reducing its stake to 13.4% thus surrendering control of the company, which it held since 1996. On November 18, 2010, Ford reduced its stake further to 3%, citing the reduction of ownership would allow greater flexibility to pursue growth in emerging markets. Ford now owns 0% in Mazda. The simple reason is financial. Ford needed the money and therefore they sold their interest in Mazda.
I think Mazda felt it could do better on its own, feeling squashed by big Ford. So many Ford models used Mazda engineering. These affairs don't last forever. GM and Fiat, Daimler Benz and Chrysler, Simca and Chrysler, Rootes and Chrysler, Mitsubishi and Chrysler, Subaru and GM, SAAB and GM, Volvo and Ford, Jaguar and Ford
Nothing lasts forever. Everything has a shelf life. Mazda and Ford had a successful working relationship they both got out of it what they wanted. What I read Mazda didn't want the break up but Ford was ready to move on which ultimately proved wise for both. Ford remained profitable despite the great recession of 2008 not needing government monies to bail out. Mazda has dug in deep and successfully reinvented itself since then. If they had not, Mazda wouldn't be who they are today and Ford would not return to profitability carrying another car company to some degree.
I'm guessing mazda didn't like ford using the nissan powerplants. I for one don't like them either. Those engines had like 15 radiator hoses. What a pain in the ***
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