Changan Ford Mazda
{{short description|Chinese automotive manufacturing company}}
{{Use dmy dates|date=November 2020}}
{{Infobox company
| name = Changan Ford Mazda Automobile Co., Ltd.
| native_name = 长安福特马自达汽车有限公司
| native_name_lang = zh
| type = joint venture
| traded_as =
| predecessor =
| successor = Changan Ford Automobile Co., Ltd.
Changan Mazda Automobile Co., Ltd.
| founder =
| defunct = December 2012
| fate = Separated into Changan Ford and Changan Mazda
| area_served = China
| key_people =
| industry = Automotive
| products = Automobiles
| services =
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner = {{unbulleted list
| Changan Automobile (50%)
| {{nowrap|Ford Motor Company (35%)}}
| Mazda (15%)
}}
| num_employees =
| parent =
| divisions =
| subsid =
| homepage =
| footnotes =
| intl =
| caption =
| foundation = April 2001 (Chongqing)
| location_city = Chongqing
| location_country = China
| location =
| locations =
}}
{{Infobox Chinese
|t = 長安福特馬自達
|s = 长安福特马自达
|p = Cháng'ān Fútè Mǎzìdá
|w = Ch'ang2-an1 Fu2-t'e4 Ma3-tzu4-ta2
|l=Chang'an Ford Mazda
}}
Changan Ford Mazda (officially Changan Ford Mazda Automobile Co., Ltd.) was an automotive manufacturing company headquartered in Chongqing, China and a joint venture between Changan Automobile, Ford Motor Company and Mazda. Its principal activity was the manufacture and sale of Ford and Mazda branded passenger cars in China.
In December 2012 the activities of Changan Ford Mazda were restructured and separated into two new joint ventures: Changan Ford Automobile Co., Ltd. and Changan Mazda Automobile Co., Ltd. Changan Ford was established as a 50:50 joint venture between Changan and Ford incorporated in Chongqing and assumed all of Changan Ford Mazda's Ford-related business. Changan Mazda was established as a 50:50 joint venture between Changan and Mazda incorporated in Nanjing and assumed all of Changan Ford Mazda's Mazda-related business.
History
=2001 to 2010=
Changan Ford Automobile Co., Ltd. was established in April 2001 as a 50-50 joint venture between Ford Motor Company and Changan Automobile.{{cite web|url=http://global.changan.com.cn/About/cooper.shtml|title=JV Cooperation|access-date=26 February 2012|publisher=Changan Automobile Group|url-status=dead|archive-url=https://archive.today/20120726194529/http://global.changan.com.cn/About/cooper.shtml|archive-date=26 July 2012}} Operations began in 2003, with 20,000 Ford Fiestas produced in that year. Production was initially based upon knockdown kits, partially assembled vehicles imported to meet local assembly regulations.
File:Ford Mondeo III CN facelift 01 China 2012-04-28.jpg
Capacity was increased to 50,000 vehicles in 2004 and to 150,000 soon after, and the Ford Mondeo and Ford Escape-based Maverick SUV also entered production.
In April 2005 it was announced that Changan Ford's Chongqing factory would begin assembling the Ford Focus model, and that Ford, Changan Automotive Group and Mazda would establish a new joint venture company, Chang'an Ford Mazda Engine, to build a new engine plant in Nanjing capable of producing 350,000 units annually.{{cite news|url=https://www.usatoday.com/money/autos/2005-04-20-ford-china-usat_x.htm|title=Ford comes late to China's party|access-date=26 February 2012|work=USA Today|date=20 April 2005}}
In March 2006 it was announced that Changan Ford would begin producing Volvo automobiles later in that year, with the S40 saloon the first vehicle to enter production.{{cite news|url=http://news.bbc.co.uk/1/hi/business/4824088.stm|title=Volvo to start Chinese production|access-date=3 March 2012|work=BBC News|date=20 March 2006}}{{cite news|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=ao6InC_66I18&refer=asia|title=Ford's Volvo Unit to Start Making S40 Sedans in China |access-date=3 March 2012|publisher=Bloomberg|date=20 March 2006}} In February 2009, production of the China-only S80L commenced.{{cite web|author=Glenn Brooks |url=http://www.just-auto.com/news/volvo-cars-and-changan-dissolve-china-jv_id166437.aspx |title=Volvo Cars and Changan dissolve China JV |publisher=just-auto.com |date=2016-01-18 |access-date=2017-07-01 |archive-url=https://web.archive.org/web/20170701155047/http://www.just-auto.com/news/volvo-cars-and-changan-dissolve-china-jv_id166437.aspx |archive-date=2017-07-01 |url-status=live }} The joint-venture between Volvo and Changan Ford ended in late 2015.
Mazda acquired a 15% stake in Changan Ford from Ford on 4 April 2006, with the company being renamed Changan Ford Mazda Automobile Co., Ltd.{{cite news|url=http://thestar.com.my/news/story.asp?file=/2006/4/4/apworld/20060404152113&sec=apworld|archive-url=https://archive.today/20120716204805/http://thestar.com.my/news/story.asp?file=/2006/4/4/apworld/20060404152113&sec=apworld|url-status=dead|archive-date=16 July 2012|title=Mazda takes 15% stake in Changan Ford from Ford|access-date=26 February 2012|work=Malaysia Star|date=4 April 2006}}
Changan Ford Mazda opened a new assembly plant in Nanjing in September 2007, constructed at a cost of US$510 million and with an initial production capacity of 160,000 vehicles per annum.{{cite news|url=http://in.reuters.com/article/idINIndia-29685720070924|archive-url=https://web.archive.org/web/20160306233622/http://in.reuters.com/article/idINIndia-29685720070924|url-status=dead|archive-date=6 March 2016|title=Ford starts operation at new $510 mln China plant|access-date=26 February 2012|publisher=Reuters|date=24 September 2007}}{{cite news|url=https://www.thestar.com/Business/article/259870|title=Ford opens China factory|access-date=26 February 2012|work=Toronto Star|date=24 September 2007}}
In September 2009, Changan Ford Mazda announced plans to invest US$490 million in the construction of a second assembly plant in Chongqing, with a planned annual capacity of 150,000 vehicles.{{cite news|url=https://www.usatoday.com/money/autos/2009-09-25-ford-to-build-china-plant_N.htm|title=Amid weakness at home, Ford, Toyota turn to China|access-date=26 February 2012|work=USA Today|date=25 September 2009}}{{cite news|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5En7EMGlY44|title=Ford Begins Work on 3rd China Car Plant in Asia Push |access-date=26 February 2012|publisher=Blooomberg|date=25 September 2009}} The plant opened in February 2012.{{cite news|url=http://www.latimes.com/business/la-fi-china-ford-20120225,0,7382412.story?page=1&track=rss|title=Ford plays catch-up in China's growing auto market|access-date=26 February 2012|work=Los Angeles Times|date=25 February 2012}}{{cite news|url=http://www.freep.com/article/20120225/BUSINESS0102/202250363/Ford-opens-4th-Chinese-assembly-plant?odyssey=nav%7Chead|title=Ford opens 4th Chinese assembly plant|access-date=26 February 2012|publisher=Detroit Free Press|date=25 February 2012}}
=2010 to 2019=
In early April 2012, Changan Ford Mazda announced plans to invest US$600 million in the expansion of its manufacturing facilities in Chongqing, increasing its total unit capacity by 350,000 vehicles to 950,000.{{cite news|url=http://www.freep.com/article/20120405/BUSINESS0102/120405023/Ford-China-expansion-Changan-Ford-Mazda-Automobile?odyssey=nav%7Chead|title=Ford to invest $600M to branch out in China|access-date=6 April 2012|publisher=Detroit Free Press|date=5 April 2012}}{{cite news|url=http://www.businessweek.com/ap/2012-04/D9TURCBO0.htm|archive-url=https://web.archive.org/web/20160304030501/http://www.businessweek.com/ap/2012-04/D9TURCBO0.htm|url-status=dead|archive-date=4 March 2016|title=Ford to expand Chinese factories again|access-date=6 April 2012|publisher=Bloomberg Businessweek|date=5 April 2012}} Later in the same month, Changan Ford Mazda announced plans to invest US$760 million in the construction of a new vehicle assembly plant in Hangzhou with an initial capacity of 250,000 units.{{cite news|url=https://www.nytimes.com/2012/04/20/business/global/ford-to-build-new-plant-in-china-to-catch-up-with-gm.html?_r=1|title=Ford to Build Plant in China to Bolster Global Sales|access-date=19 April 2012|work=The New York Times|date=19 April 2012}} The plant is planned for completion in 2015.{{cite news|url=https://www.reuters.com/article/us-ford-china-idUSBRE83I0PQ20120419|title=Ford invests $760 million for new China plant, more capacity|access-date=19 April 2012|publisher=Reuters|date=19 April 2012|archive-date=20 April 2012|archive-url=https://web.archive.org/web/20120420161716/http://www.reuters.com/article/2012/04/19/us-ford-china-idUSBRE83I0PQ20120419|url-status=live}}
In late 2012, China approved the division of Changan Ford Mazda into two new joint ventures, Changan Ford Automobile Co., Ltd. and Changan Mazda Automobile Co., Ltd.{{cite news|url=http://www.mazda.com/publicity/release/2012/201211/121130b.html|title=Restructure of Changan Ford Mazda Automobile Approved|access-date=6 February 2013|publisher=Mazda|date=30 November 2012}}
In January 2019, Mazda acquired Ford's stake in Changan Ford Mazda Engine Co., Ltd. & renamed the company Changan Mazda Engine Co., Ltd., which is now owned 50% by Mazda & 50% by Changan.
Sales
| class="wikitable" |
| Calendar year
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| 2004
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References
{{Reflist}}
{{commons cat}}
{{Chang'an Automobile Group}}
{{Ford Motor Company}}
{{Motor vehicle manufacturers of the People's Republic of China}}
Category:Car manufacturers of China
Category:Chinese companies established in 2001
Category:Chinese companies disestablished in 2012
Category:Vehicle manufacturing companies established in 2001
Category:Vehicle manufacturing companies disestablished in 2012