Hyundai to enter F1 in 2010
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Originally Posted by CarAndDriver
They are producing better cars overall than GM and Ford in the US, but that isn't saying much at all.
.... thank you. 
(not like im a big fan of ford, but i cant be an *** to them because they are funding mazda)
Originally Posted by BreakYoSelf13b
soooo, id hope you'd like to know that mazda is owned by ford .... thank you. (not like im a big fan of ford, but i cant be an *** to them because they are funding mazda)
.... thank you. (not like im a big fan of ford, but i cant be an *** to them because they are funding mazda)I wouldnt say ford is funding mazda.
Blue By You
Joined: Jun 2003
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From: Milwaukee
Originally Posted by DemonRX-8
They also don't "own" Mazda . . . they own something like 33%.
Originally Posted by Ike
Ford has veto power on everything Mazda does and owns controling interest. I'd say Mazda is pwned by Ford.
i would be deathly afraid for my job if i worked at mazda knowing how spectacular a train wreck ford has turned into.
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Joined: Jun 2004
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From: University of Maryland
no one owns a publicly traded company 100%, whoever is the majority share holder controls the company. in Ford's case they are the majority share holder of Mazda, the rest of the 77% of stocks are divided between different parties and individuals. goto ford.com, mazda is described as a member of ford's family of brands
Last edited by playdoh43; Oct 29, 2006 at 05:39 PM.
I got nothing good to say
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From: Tysons Corner, VA
That was my point - they are a publicly traded company that is owned by the shareholders. And yes, I know that Ford is the majority shareholder. That doesn't mean that they are "pwned" - it's just a business relationship based on increasing profits. In fact, Ford's original motivation to buy into Mazda was probably based more on technology and mangerial skills transfer than anything.
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Joined: Jun 2004
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From: University of Maryland
um... all the major car makers are publicly traded companies owned by share holder.... i dont see how that makes mazda and ford's relationship special?
its far more than a business relationship based on increasing profit, Mazda is viewed as s subsidiary brand under the Ford family of brands not unlike Jaguar and Aston Martin. Ford has control of mazda's operations.
furthermore
its far more than a business relationship based on increasing profit, Mazda is viewed as s subsidiary brand under the Ford family of brands not unlike Jaguar and Aston Martin. Ford has control of mazda's operations.
furthermore
Originally Posted by Japan8
Sigh. I imagine that in my years on the club this MUST be at least the 5th time that I've had to post about this.
33.4% makes Ford Mazda's largest shareholder. Under Japanese corporate law once one owns more than 1/3 of the outstanding shares you automatically had a board seat, veto rights and the right to pick the executives. I'd say that amounts to the same thing as owning the whole company... without the drawback of the liabilities (which you get under Japanese corporate law).
You can find more detailed information by running a search, as I have posted detailed info and links several times before.
As far as Toyota making a move... I doubt it. Goes against the Japanese old school business politics. More likely is either more financial help from the UFJ - Tokyo Mitsubishi Banking Group (the banking part of the Mitsubishi Group conglomerate) or outside equity investment... probably from a foreign firm.
33.4% makes Ford Mazda's largest shareholder. Under Japanese corporate law once one owns more than 1/3 of the outstanding shares you automatically had a board seat, veto rights and the right to pick the executives. I'd say that amounts to the same thing as owning the whole company... without the drawback of the liabilities (which you get under Japanese corporate law).
You can find more detailed information by running a search, as I have posted detailed info and links several times before.
As far as Toyota making a move... I doubt it. Goes against the Japanese old school business politics. More likely is either more financial help from the UFJ - Tokyo Mitsubishi Banking Group (the banking part of the Mitsubishi Group conglomerate) or outside equity investment... probably from a foreign firm.
Listen to Zoom44
Joined: Aug 2003
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From: Overland Park
Originally Posted by mac11
i would be deathly afraid for my job if i worked at mazda knowing how spectacular a train wreck ford has turned into.
Oh, and shouldn't this discussion be about Hyundai entering F1 and not who owns Mazda?
Pining for the Fjords
Joined: Feb 2006
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From: Fort Wayne, IN
Originally Posted by playdoh43
with the kind of financial muscle they have, i wouldnt be suprised if they become really competitive in a few years. you guys can laugh all you want, but they will be using the technologies and lessons learned from F1 to improve their regular cars.
I think they'd be better off just being an engine supplier, at least at first. Running a full team is comically, fabulously expensive and maybe they should just get a handle on what they're REALLY in for on the supplier side before they commit to a whole team.
Pining for the Fjords
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From: Fort Wayne, IN
Originally Posted by playdoh43
i have to give them props for trying.
If they manage to even score any points in their first season, I'd be surprised. This assumes that all the other existing teams are still in the series in 2010... They'd be, what, the 12th team? Even Torro Rosso only scored one point this year, and the next two teams on the list scored none. I'll bet Hyundai F1 would spend two seasons in that neighborhood, regardless of how much money they spent... Easily in the last 3 or four teams at best. That's just the way it goes. Toyota finished last in their first season, if memory serves.
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