A lot of people, especially those that use Mazda don’t know who owns Mazda car. While some care to know, others haven’t really thought about it. If you have been longing to find out who owns Mazda car, you will get the answer that you seek and a lot of other information you need pertaining Mazda car in this post.
What Is The History of Mazda?
Mazda was founded far back in 1920 but only began manufacturing tools before expanding their brand to automobiles in the 1930s. It started as a cork manufacturer in the 1920s and later started producing tricycle trucks before it eventually started manufacturing cars and grew into the giant company that it is today.
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The company, just like most other successful companies today has had its ups and downs. Mazda has interesting ownership history. It has enjoyed the benefit of large partnerships and has also seen these partners break up with them.
Mazda has achieved a great feat in the car production industry. Here are some of the company’s achievements:
- 1931 – The company produced the three-wheel truck called the Mazda-Go.
- 1967 – Manufacture of Mazda’s rotary engine. This led to the production of Cosmo Sport, the first mass production of sports cars powered by the rotary engine in the world.
- 1975 – This was the year Mazda Motor of America (Central), Inc. was established.
- 1982 – Mazda recorded the sales of its one-millionth passenger car in the U.S.
- 1987 – Mazda Motor of America, Inc. moves into the new North American headquarters in Irvine, CA.
- 1989 – Debut of the Mazda M-5 Miata, awarded 2016 World Car of the Year and World Car Design of the Year.
- 2010 – Launch of SKYACTIV® TECHNOLOGY, which was an innovative purpose that combines efficiency with performance through the vehicle’s body construction, transmission, engine technology, and much more!
Who Owns Mazda?
Now, let’s discuss who really owns Mazda. Mazda is owned by the Mazda Motor Corporation. Ford used to own a large share of the company from 1968 to 2008. Ford’s share of Mazda was about one-third (33%) of the company until 2008.
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Ford sold most of its shares in Mazda due to the global economic crisis which caused auto sales to drop significantly. Ford was left with no choice than to sell off most of its share and retain only about 11% of the shares.
Who Is The CEO of Mazda?
The current CEO of the company is Akira Marumoto. He became the CEO in the month of June, 2018. Akira Marumoto joined the company in April 1980.
Is Mazda a Japanese company?
Mazda is a Japanese-owned company having big banks in Japan as majority of its shareholders. Its headquarter is also located in Japan. When Ford sold most of its shares in Mazda, Sumitomo Mitsui Financial Group was the largest business group to buy shares from the company.
Does Ford Motor Company Still Own Mazda?
Ford never owned Mazda. Ford only acquired a 7% stake in 1979. In 1996, they already owned about 33% of Mazda. In 2008, Ford had to sell most of its share in Mazda and held only about 2% in 2014.
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Where Is the Headquarters of Mazda?
The company is headquartered in Fuchū, Hiroshima, Japan. There are three major plants in Japan. Two of these are located in Hiroshima and one in Yamaguchi.
Where Are Mazda Cars Made?
Mazda cars are produced in different parts of the world where they have plants. The cars produced in each of these countries depend mostly on the market it is serving.
However, most of its automobile production is in Japan as it owns three big plants there. Mazda has a plant in Salamanca, Mexico which is dedicated to the North American market. There is another plant in Huntsville, Alabama.
What Is The Relationship Between Mazda and Toyota?
When discussions about who owns Mazda come up, what comes to mind most time is that it’s owned by Toyota. This is a wrong notion.
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Ford used to own huge shares of about 33% of Mazda before 2008. When Ford sold most of its shares in Mazda in 2008, various business groups bought some of the shares then. Later on, Toyota bought some shares too.
However, the relationship between Mazda and Toyota is more of a partnership deal. Mazda supplies Toyota with SkyActiv gasoline and diesel engine technology and gets Toyota’s hydrogen fuel cell systems in return.