Report: Ford Seeks To Sell Mazda Stake; Mazda States No Decision Yet

[Perian]

Link: http://www.leftlanenews.com/ford-pla...zda-stake.html


10/11/2008, 2:02 AM

Ford is in the process of finding potential buyers for its 33.4 percent stake in Mazda, sources told Reuters late Friday.

Ford, often viewed as the parent company of Mazda, recently sold its Aston Martin, Jaguar, and Land Rover brands in an effort to raise capital. Ford’s stake in Mazda is said to be worth around $1.36 billion.

Earlier, Japan’s NHK reported the automaker was considering selling at least a 20 percent stake in the company, but it appears a complete sale of all 33.4 percent is on the table. The debt-laden company is in talks with several Japanese firms about the sale.

Many of Ford’s products are tightly linked with Mazda’s — the companies share platforms for a number of vehicles, and development on a number of projects has been joint. Another Ford subsidiary possibly for sale, Volvo, also shares platforms with Mazda and Ford, making de-integration of next-generation vehicles projects a challenge.

Full article at link.

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Link: http://biz.yahoo.com/ap/081011/as_japan_mazda_ford.html

Saturday October 11, 3:41 am ET
By Yuri Kageyama, AP Business Writer

Mazda says no decision on sale of Ford's stake, but it is being considered

TOKYO (AP) -- Mazda denied Saturday that a decision had been made by troubled Ford Motor Co. to sell its stake in the Japanese automaker but it didn't rule out a possible deal.

Japanese media reported Saturday that Ford was considering selling its one-third stake in Hiroshima-based Mazda Motor Corp. Public broadcaster NHK TV, without citing sources, reported that Ford would maintain some of its stake in Mazda and management ties.

"Nothing has been decided," Mazda said in a statement received Saturday by The Associated Press. "Any important decision will be disclosed."

[Perian]

Wow. The automotive world has sure changed in the past 24 hours.

Looking forward to using my GM points on a new Chrysler P.T. Cruiser.

[Stéphane Dumas]

who could be interested to Mazda actually?

On the other hand, I suggest to not sell completely the 33.4%, they should try to retain a small stake (5-10%) of Mazda

[kenman923]

Originally Posted by Stéphane Dumas

who could be interested to Mazda actually?

On the other hand, I suggest to not sell completely the 33.4%, they should try to retain a small stake (5-10%) of Mazda

Maybe Daimler is interested and they can be Daimler-Mazda. Renault-Nissan could even buy it up since it looks like the Chrysler deal may not happen. I wouldn't be surprised if Tata didn't try to get their hands on Mazda.

[zabolots]

Wow, they must really be panicking and in need of cash. They get a lot out of their cooperation with Mazda and it's likely the only thing of value that they have left to sell.

I'm quite concerned about the future of the domestic auto manufacturers.

[boblutzfan]

Originally Posted by zabolots

Wow, they must really be panicking and in need of cash. They get a lot out of their cooperation with Mazda and it's likely the only thing of value that they have left to sell.

I'm quite concerned about the future of the domestic auto manufacturers.

No kidding. Of the current Ford product offering, the best midsize sedan they have is the Mazda6, best CUV is the CX-9 and of course the Miata is iconic. Ford has used the Mazda6 platform for so many products - and the Mazda engineers have infused many rather dull products with a little life through their partnership.

Without Mazda - Ford is just trucks and SUVs. As you said, Mazda is probably the only think they have worth selling at this point.

[GM-Joe]

That's a mistake. Mazda has value, not only because of profits, but also because of product sharing and a Japanese name. If Ford is that hard up, they need to consider bankruptcy.

[CamaroCrazy]

The automotive apocalypse is nigh.

[hunchman]

Originally Posted by Perian

Wow. The automotive world has sure changed in the past 24 hours.

Looking forward to using my GM points on a new Chrysler P.T. Cruiser.

thank you I needed that, it really made my day

[genjy]

It's not that surprising coming form the company that wants to sell Volvo and revive Mercury.

[steve333]

This would be a huge mistake, and bad for both companies. As stated, Mazda offers Ford car platforms that have transformed their products into class leading or very competitive cars.
For Mazda it would be bad also because those who want a Japanese car but not feel bad about it went with a Mazda because they knew Ford would benefit.
Ford should keep both Mazda and Volvo, IMO.

[BrickTamland]

In the name of all things holy, do not sell Mazda! Ford, sell your collective souls to the devil before you sell Mazda.

[Ttple]

The smartest thing Ford has done was buy a stake in Mazda.

[RangeRover]

I don't think this is all that bad of an idea.

Ford has already gotten there worth out of Mazda. Ford is moving to global platforms with chassis development in Europe for cars. Did everyone on GMI forget that Ford has excellent platforms in Europe??? Also, Mazda already uses Ford powertrains and other Ford parts when it is convenient for them. Currently, Mazda does not develop engines anymore and Ford - Dearborn is the global lead for powertrains. So...what is Ford losing by selling Mazda?

Also, Mazda is the hardest Ford division to reign in. They are hard to get commonality with and their supply base is inconsistent with Fords. They have been allowed to operate too independently from Ford and this could get them sold.

[boblutzfan]

Originally Posted by RangeRover

I don't think this is all that bad of an idea.

Ford has already gotten there worth out of Mazda. Ford is moving to global platforms with chassis development in Europe for cars. Did everyone on GMI forget that Ford has excellent platforms in Europe??? Also, Mazda already uses Ford powertrains and other Ford parts when it is convenient for them. Currently, Mazda does not develop engines anymore and Ford - Dearborn is the global lead for powertrains. So...what is Ford losing by selling Mazda?

Also, Mazda is the hardest Ford division to reign in. They are hard to get commonality with and their supply base is inconsistent with Fords. They have been allowed to operate too independently from Ford and this could get them sold.

What are you talking about? Through Mazda Ford has the Fusion, Milan, MKZ, Edge, MKX, Escape, Mariner and Focus. They share engines and transmissions with Mazda (albeit Mazda tweaks the Ford engins for better performance) and they share many other under the skin parts. Over the past year Mazda has had some great sales success with their line up that is not dependent on trucks. The Mazda3 and Mazda5 have been huge sellers for Mazda. Not to mention the Mazda CX-7 and CX-9 which are some of the best CUVs on the market...also sharing Ford parts.