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Companies / China

Mazda Secures Share Of China JV

April 2006 | Company Finance Alert

Japanese carmaker Mazda has acquired a 15% stake in Changan Ford Automobile, a joint venture between its US affiliate Ford and China's Changan Automobile. The three companies are already co-operating on establishing production facilities and the acquisition gives Mazda a more tangible contribution to the partnership. As a result of the deal, the name of the three-way joint venture will now be changed to Changan Ford Mazda Automobile Company.

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