Hiroshima, Japan – Ford will transfer part of its shares in Mazda to several of the Japanese company’s business partners, reducing its stake in Mazda from 11 per cent to 3.5 per cent. The two companies will continue their strategic partnership and the change will not affect Mazda’s business direction or financial projections, Mazda said.
Ford will still continue to be one of Mazda’s largest shareholders after the transactions. The 7.5 per cent share will be transferred to Mazda’s business partners via off-auction trading through the Tokyo Stock Exchange.
“Ford will remain one of Mazda’s largest shareholders with a 3.5 per cent stake, and both companies are committed to continuing our strategic partnership which spans over 30 years,” said Takashi Yamanouchi, chairman of the board of Mazda. “Mazda and Ford will continue to collaborate on areas of mutual benefit such as key joint ventures, joint projects and exchange of technology information.”