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Changan Ford Mazda Automobile Snapshot
You've heard of "all the tea in China," but how about all the Model Ts in China? That's right. The origins of Chang'an Ford Mazda Automobile (CFMA) can be traced back to 1913, when Henry Ford sold his famous Model T cars in Shanghai. Today Ford is back in China in a big way. With the help of its Chinese joint venture partner, Chongqing Chang'an Automobile, Ford builds and sells four models in China -- the Fiesta, the Focus, the Mondeo, and the S-max. CFMA also distributes other brands for sale in China, such as the Mazda2, the Mazda3, and the Volvo S40. Chongqing Chang'an Automobile owns 50% of CFMA, while Ford holds a 35% stake and Mazda 15%.
