Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Ford Sells Part of Its Stake in Mazda

November 20, 2008

Ford Motor Company announced on Nov. 19 that it will sell a portion of its ownership stake in Mazda Motor Corp. Ford, which has been in partnership with Mazda for nearly 30 years, formally owned 33.4 percent of Mazda stock; however, that number has been reduced to just over 13 percent.

Under the agreement, the divestiture of Ford's shares in Mazda will be accomplished both through the sale of shares to Mazda and the sale of shares to a group of Mazda's strategic business partners. The sales of the Mazda shares will net Ford approximately $540 million.

"This agreement allows Ford to raise capital that will help fund our product-led transformation, and at the same time, allows Ford and Mazda to continue our successful strategic relationship in the best interest of both companies," said Ford President and CEO Alan Mulally. "Ford will continue to focus on the Ford brand worldwide and deliver the products our customers really want and value."

Additionally, Ford will maintain a seat on Mazda's Board of Directors. The companies will continue sharing platforms and powertrains, as well as continuing ongoing joint ventures.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All


Sponsored by

The availability of certain forms of vehicle-related insurance through a leasing company.

Read more

Up Next

More From The World's Largest Fleet Publisher