Analysts: Ford could sell Mazda to raise capital
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Analysts: Ford could sell Mazda to raise capital
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Well, strictly speaking, they're not selling Mazda, merely their stake in it. Japanese law does not allow a foreign multinational to have controlling ownership in a domestic corporation.
The article is misleading. Though Ford is the largest voice and influence in Mazda (and the liaison makes sense), it does not strictly control all of Mazda's decisions.
The article is misleading. Though Ford is the largest voice and influence in Mazda (and the liaison makes sense), it does not strictly control all of Mazda's decisions.
Last edited by Hollywood_North GT; 8/4/08 at 08:20 PM.
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HAHA its funny cause its true. In any event, the sale of Mazda would be most ridiculous thing for Ford right now. Lets just hope that this never becomes the case and Ford continues to do what is needed for their restructuring.
#7
Originally Posted by Hollywood_North GT
Well, strictly speaking, they're not selling Mazda, merely their stake in it. Japanese law does not allow a foreign multinational to have controlling ownership in a domestic corporation.
The article is misleading. Though Ford is the largest voice and influence in Mazda (and the liaison makes sense), it does not strictly control all of Mazda's decisions.
The article is misleading. Though Ford is the largest voice and influence in Mazda (and the liaison makes sense), it does not strictly control all of Mazda's decisions.
All of that said, if Mazda is going to be little more than a Japanese Mercury I say Ford should sell their stake in the brand, particularly if it will raise enough in the way of funds to support a program or two for Ford's core brands.
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