Ford's Fleming says he's happy with Mazda tie-up - Ford Inside News Community
 
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post #1 of 6 (permalink) Old 09-09-2010, 11:46 AM Thread Starter
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Ford's Fleming says he's happy with Mazda tie-up

Ford's Fleming says he's happy with Mazda tie-up
Bloomberg

By: Bernie Woodall
September 9, 2010

  • Fleming says Ford happy for now with Mazda relationship
  • Fleming says Ford moving from survival to growth
  • Ford to have positive automotive cash flow by end-2011
  • Shares up 1.2 percent

DETROIT, Sept 9 (Reuters) - Ford Motor Co (F.N), which owns 11 percent of Mazda Motor Corp (7261.T), has not yet fully discussed its long-term relationship with the Japanese automaker, but is pleased with the current setup, a top executive said on Thursday.

Ford global manufacturing and labor affairs chief John Fleming said his company and Mazda would continue to share manufacturing opportunities, which he said present themselves two or three times a year, but he shied away from making predictions on the longer-term relationship.

Fleming said Ford and Mazda would work together on a "project-by-project" basis.

"What happens longer-term? I think that's still to be discussed, decided," Fleming told a UBS conference in London that was available live online. "Right now, I think we're happy with where we are with Mazda."

Ford sold its controlling stake in Mazda two years ago to free up cash, but remains the largest shareholder. The stake was reduced to 13 percent from one-third ownership in late 2008, and later to 11 percent when Mazda issued more shares to raise cash for investing in hybrid and other technologies.

Fleming emphasized the active tie-up of the companies, saying they are partners in a $350 million investment in a Thailand plant to build the next generation of compact pickup trucks. Production is to start in mid-2011.

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post #2 of 6 (permalink) Old 09-09-2010, 12:00 PM
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Re: Ford's Fleming says he's happy with Mazda tie-up

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Originally Posted by SobeSVT View Post
Ford's Fleming says he's happy with Mazda tie-up
Bloomberg

By: Bernie Woodall
September 9, 2010

  • Fleming says Ford happy for now with Mazda relationship
  • Fleming says Ford moving from survival to growth
  • Ford to have positive automotive cash flow by end-2011
  • Shares up 1.2 percent

DETROIT, Sept 9 (Reuters) - Ford Motor Co (F.N), which owns 11 percent of Mazda Motor Corp (7261.T), has not yet fully discussed its long-term relationship with the Japanese automaker, but is pleased with the current setup, a top executive said on Thursday.

Ford global manufacturing and labor affairs chief John Fleming said his company and Mazda would continue to share manufacturing opportunities, which he said present themselves two or three times a year, but he shied away from making predictions on the longer-term relationship.

Fleming said Ford and Mazda would work together on a "project-by-project" basis.

"What happens longer-term? I think that's still to be discussed, decided," Fleming told a UBS conference in London that was available live online. "Right now, I think we're happy with where we are with Mazda."

Ford sold its controlling stake in Mazda two years ago to free up cash, but remains the largest shareholder. The stake was reduced to 13 percent from one-third ownership in late 2008, and later to 11 percent when Mazda issued more shares to raise cash for investing in hybrid and other technologies.

Fleming emphasized the active tie-up of the companies, saying they are partners in a $350 million investment in a Thailand plant to build the next generation of compact pickup trucks. Production is to start in mid-2011.

Full text at the link
I should add that i have heard the T6 Ranger is going to unveiled on October 15th.



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post #3 of 6 (permalink) Old 09-09-2010, 12:16 PM Thread Starter
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Re: Ford's Fleming says he's happy with Mazda tie-up

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Originally Posted by ausrutherford View Post
I should add that i have heard the T6 Ranger is going to unveiled on October 15th.
On my birthday, no less . . .





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post #4 of 6 (permalink) Old 09-13-2010, 10:50 AM
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Re: Ford's Fleming says he's happy with Mazda tie-up

Heres an official rendering of the Mazda. its going to be released on October 15th as well.



http://autoten.com/2010/09/13/mazda-...-bt-50-sketch/



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post #5 of 6 (permalink) Old 09-13-2010, 11:12 PM
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Re: Ford's Fleming says he's happy with Mazda tie-up

first:
Will this be the first showing of a T6 vehicle/truck??
&
HOT looking sport truck! (just slightly too "too" HLs imho)
but
from what I've read on the web, smaller(er) truck buyers here want genius-packagiing** with all-round capability more...
...wonder if the Ford version(s) will be(/start out) more pragmatic?
(tho the 4door could generate a great SportTrac!)


** think Dr. Who's Tardis - bigger on the inside than the outside

.
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post #6 of 6 (permalink) Old 09-13-2010, 11:17 PM
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Re: Ford's Fleming says he's happy with Mazda tie-up

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Originally Posted by 2b2 View Post
first:
Will this be the first showing of a T6 vehicle/truck??
&
HOT looking sport truck! (just slightly too "too" HLs imho)
but
from what I've read on the web, smaller(er) truck buyers here want genius-packagiing** with all-round capability more...
...wonder if the Ford version(s) will be(/start out) more pragmatic?


** think Dr. Who's Tardis - bigger on the inside than the outside
Yes.
The New Ranger and New BT-50, both on the new T6 platform, will be unveiled on the same day, October 15th, at the Sydney Auto Show.

So we have 31 days to go.



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