Mazda Motor Corp. has sold its equity stake in South Korean car manufacturer Kia Motors Co., sources close to Mazda said (4/7/00).

Mazda, an affiliate of Ford, acquired a 7.33%, equity stake in Kia for 13.3 billion yen back in 1983. A further 9.17% was bought by Ford in 1986.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

But with Kia coming under court protection from creditors in April 1998 due to the economic crisis within South Korea, Ford withdrew its capital from Kia later in the year. By May, Mazda followed suit by selling all its shares on the market, according to sources.

Mazda is now expected to promote a link-up with South Korea`s second largest automaker Daewoo Motor Co..

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact