Ford’s last appointee Thomas Pixton leaves Mazda board

Article by Anita Panait, on July 9, 2012

Ford Motor Co. is now officially unrepresented in the board of Mazda Motor Corp. This came as the last Ford appointee on Mazda's board, Thomas Pixton, left the Japanese carmaker following its June 27 annual shareholders' meeting. Pixton’s exit from Mazda signals the end of an era that is marked by Ford’s control of the Japanese carmaker’s board.

Ford first acquired a 25 percent stake in Mazda in 1979, when the latter was struggling financially. Mazda’s financial troubles once again paved the way for Ford to acquire additional stakes and increase its ownership to 33.4 percent in 1996.

However, fiscal winds changed directions and headed to Ford in 2008, forcing the carmaker to slowly divest its stake in Mazda to boost its emptying coffers. In a span of two years, Ford saw its stake in Mazda dwindle to 3.5 percent. In 2012, Ford sold another tranche of shares to effectively reduce its stake in Mazda to 2.1 percent.

During Ford’s dominance in Mazda, the US carmaker was able to enthrone four of its executives as successive presidents of its Japanese partner. However, Ford’s control of Mazda as well as the number of board representatives dwindled as its stake decreased. 

Despite the end of its involvement in Mazda, Ford remains as a partner in other ventures. Ford and Mazda still jointly own the AutoAlliance International Inc assembly plant in Flat Rock, Mich.; Mazda, however, decided in June to indefinitely suspend output of its vehicles at the plant. Both carmakers are also involved in a three-way joint venture in China with Chongqing Changan Automobile Co.; but they are assessing ways to break the venture up so that Ford and Mazda can have separate operations in China.

Ford and Mazda also jointly own the AutoAlliance (Thailand) Co., assembly plant. The good news is that, the carmakers said in April 2012 that they will invest around $27 million to increase the plant's annual pickup capacity by 20,000 units to 195,000 units.

Topics: ford, mazda

If you liked the article, share on:


Login or Create new account to add a comment!


Mitsubishi is now officially part of the Renault-Nissan alliance after Nissan took over the Japanese car company recently. We know a lot has been happening in the car industry, but...
by - October 24, 2016
Driving the newest 2017 BMW 5-Series (G30), Clive Owen (Closer, Children of Men) returns to his role as “The Driver”. In this latest installment, what initially starts as a simple...
by - October 24, 2016
Many had wished that a Lamborghini Huracán Superleggera would somehow make a surprise debut at the recently held Paris Motor Show. Sadly, not a single Lamborghini appeared anywhere in sight....
by - October 24, 2016
Aston Martin and Red Bull Racing teamed up for the first time in creating what looks like one of the most ferocious beasts in history. The British car manufacturer has...
by - October 24, 2016
German premium carmaker Audi is reportedly planning to buy back around 25,000 Audi Q7 SUVs powered by its 3.0-liter V6 TDI engine in the United States. The buyback should compensate...
by - October 24, 2016