Fate of the Changan-Ford-Mazda partnership is currently up in the air

Article by Christian A., on August 29, 2010

The fate of the Changan-Ford-Mazda partnership is currently up in the air as the involved companies wait for the Chinese government's approval of its restructuring, according to Mazda Motor Corp.

Rumors of a possible termination of this three-way collaboration have been spreading, ever since Ford Motor Co. freed up some cash in 2008 by cutting its controlling one-third stake in Mazda to 13%.

Some industry watchers think that one option was to split the venture into two 50-50 ties between Chongqing Changan Automobile Co. and its two foreign partners. While Mazda had chosen not to directly address this possibility, it said that the partners had filed a restructuring plan for the venture to the government.

Mazda further stated that the partnership had been successful over the years but that they are constantly assessing new opportunities in order to maximize its business structure and operations.

Mazda explained that this assessment is being done to improve products and services and by doing so, would satisfy even more its growing customer base in China.

A Mazda spokeswoman didn´t share details about the restructuring plan, except only to say that the venture is thinking about expanding its 160,000-unit plant in the eastern city of Nanjing, which also needs the government's approval.

Ford and Changan have yet to make their official statements about the matter. It can be recalled that Mazda began manufacturing the Mazda6 in China in March 2003 via a technical cooperation agreement with FAW Group, China's No. 2 carmaker.

If you liked the article, share on:

Comments

Recommended

In September 27, 2016, Porsche initially filed for a patent that is the “Unique Active Rear Diffuser”. And earlier this week, on April 27, 2017, the United States Patent and...
by - April 29, 2017
The Insurance Institute for Highway Safety (IIHS) has given its Top Safety Pick+ award to the redesigned version of the 2017 Kia Cadenza. This was a result of excellent a...
by - April 29, 2017
It’s pretty neat if you possess something of an extraordinary breed like, say, the Pagani Huayra. There are after all just a total of 100 units ever been built by...
by - April 28, 2017
If you’ve ever visited an arcade, chances are you have already seen a Logitech G920 wheel. If that doesn’t ring a bell, it’s the steering wheel that you use when...
by - April 28, 2017
Toyota Motor Corporation disclosed that it will be bringing two of its Mirai fuel cell vehicles to China by October of this year. Tests will then be conducted on these...
by - April 28, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries