FoMoCo, which has not elaborated on its long-term relationship with Japanese automaker Mazda, said that it is pleased with the current setup of the partnership. The Dearborn automaker currently owns 11 percent of Mazda after it sold a controlling stake two years ago to free up some cash. The stake was originally reduced to 13 percent and later to 11 percent.
Ford global manufacturing and labor affairs chief John Fleming said Ford and Mazda would continue to share manufacturing opportunities. He said such opportunities present themselves two or three times a year. He said that both companies will work together on a “project-by-project” basis.
“What happens longer-term? I think that’s still to be discussed, decided,” Fleming said. “Right now, I think we’re happy with where we are with Mazda.”
– By: Omar Rana
Source: Automotive News (Subscription Required)