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A thee-way joint venture between Ford (F), Mazda (MZDAF.PK), and Changan Automobile receives...

  • Friday, November 30, 2012, 8:23 AM ET
    A thee-way joint venture between Ford (F), Mazda (MZDAF.PK), and Changan Automobile receives approval from Chinese authorities to split into two entities. Chinese partner Changan will be in the first venture with Ford and in a second with Mazda. The reason for the move is to give Ford and Mazda more breathing room to increase their individual presence in the nation.
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    Ford and Mazda essentially divorced in 2010, as Ford reduced its former controlling interest stake in Mazda from 33.4%, to a minority 3% interest. The companies have by and large gone their separate ways in overall product development, and no longer share much more than some coordinated component and commodity purchases. So it is to be expected for Ford and Mazda to form separate partnerships with Changan, in protecting from inadvertent sharing of proprietary rights, competitive technologies, and patents.

    It remains to be seen whether the Chinese business culture will recognize the walls of separation between essentially competitive entities...
    30 Nov 2012, 09:55 AM Reply Like
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