The concern about Chang'an Ford Mazda Motor’s “separation” has finally come to an end. Last week, Changan Automobile, Ford Motor Co., Ltd. and Mazda Motor Co., Ltd. jointly announced that the three-party joint venture Changan Ford Mazda's spin-off and restructuring plan has been approved by relevant government agencies. This shows that Chang'an Ford Mazda officially split after waiting more than two years.

According to the reorganization plan, Changan Ford Mazda will continue to be split into two joint ventures. After the split, the two joint ventures will have a 50:50 peer to peer ratio. The headquarter of the Changan Ford joint venture will remain in Chongqing, and the headquarters of the Changan Mazda joint venture will be relocated to Nanjing. "We will continue to maintain a strategic cooperation relationship after the reorganization is completed. In the future, all parties will continue to cooperate in the long term in areas such as major joint ventures and technological information exchanges that can form a win-win situation." The reporter learned that after the separation, the two companies The new joint venture company will launch its own joint venture brand.

Relevant information

Mazda sales in China fell 11% in November

Mazda China announced its sales data for the first time in November in China. According to statistics, Mazda's total sales in China amounted to 169,800 units in January-November, down 11.3% year-on-year, of which November sales were 12,100 units in a single month, down 29.7% year-on-year.

Statistics show that from January to November, FAW Mazda achieved sales of 102,000 units, a year-on-year decrease of 16.1%; Changan Mazda sold 67,700 units, a year-on-year decrease of 2.7%. In addition, as of the end of November, the total number of 4S stores of FAW Mazda and Changan Mazda has reached 393.

Ford's sales in China increased 56% year-on-year in November

Ford China announced last week that its China sales in China reached 67,500 vehicles in November, up 56% year-on-year. This is the third consecutive month that Ford’s Chinese sales have reached record highs.

Among them, Fox sales in November once again set a record high for a single month, reaching 38,400 units; Sharp's November sales growth of up to 111%; Mondeo sales from January to November increased by 8%. As the sales volume continued to climb, Ford China's sales volume increased by 18% from January to November this year, including Changan Ford's growth of 27% and Jiangling Motors' sales growth of 2%.