Monday, 18th January 2010
In Business In Japan,
Mazda announces dissolving of Ford venture
Japanese motor company Mazda is to dissolve its project with Ford, according to local reports.
According to the Nikkei Business Daily, the firm is to stop its venture with Ford in China by 2012. Mazda and Ford currently work together - alongside the Changan Automobile Group - in the Chinese provinces of Chongqing and Nanjing and both part own factories in the areas, under the name Changan Ford Mazda.
The Nikkei newspaper said that Mazda is seeking "more freedom" to work on its interests in the Chinese market.
A source told the newspaper that it was sometimes difficult for all three firms to agree and co-ordinate their production.
Mazda currently has two factories in Japan, in Yamaguchi and Hiroshima, in which it manufactures models including the Mazda Verisa, Mazda Biante and the Mazda 2.
In 2008, the firm produced more than one million cars in Japan.
Written by Kimberley Homer.