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When did Ford buy Mazda?
I read that Ford and Mazda used to have a mutual partnership, which you can see in many of the cars they produced in the 1990s and 2000s. I assume that Ford bought all or part of Mazda, but I’m not sure. When was Mazda purchased by Ford?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Seeing the advantages of a strategic partnership between the companies, Ford bought a 25% stake in
Mazda
in 1979, upped it to 33.4% by 1995, but slowly divested and sold all of its shares in the Japanese automaker by 2015. However, Ford never actually owned Mazda or controlled a majority stake at any time.The reason behind Ford’s purchase primarily rested on Ford’s slumping sales and Mazda’s new technology for parts and reliability in 1979. By 1995, however, Ford bought a larger share of Mazda to keep it out of bankruptcy, as Mazda slumped in both domestic and foreign markets. Finally, in 2015, the 35-year relationship had finally run its course, and Ford sold its remaining shares in the company.
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