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

|About: Ford Motor Company (F)|By:, SA News Editor

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.