Automotive Industry - Company Relationships

Company Relationships

It is common for automobile manufacturers to hold stakes in other automobile manufacturers. These ownerships can be explored under the detail for the individual companies.

Notable current relationships include:

• Daimler AG holds a 20% stake in Eicher Motors, a 10.0% stake in KAMAZ, a 10% stake in Tesla Motors, a 6.75% stake in Tata Motors and a 3.1% in the Renault-Nissan Alliance. They are in the process of selling back their 40% stake (11% remaining) in McLaren Group. This process will be finalized in 2011.
• Dongfeng Motor Corporation is involved in joint ventures with several companies around the world, including: Honda (Japan), Hyundai (South Korea), Nissan (Japan), Nissan Diesel (Sweden), and PSA Peugeot Citroen (France).
• Fiat holds a 90% stake in Ferrari and a 61.8% stake in Chrysler.
• Ford Motor Company holds a 3% stake in Mazda and an 12.1% share in Aston Martin.
• Geely Automobile holds a 23% stake in Manganese Bronze Holdings.
• General Motors and Shanghai Automotive Industry Corporation (SAIC) have two joint ventures in Shanghai General Motors and SAIC-GM-Wuling Automobile. Both also hold an equal 50% stake in General Motors India Private Limited
• General Motors holds a 7% stake in PSA Peugeot Citroen.
• Hyundai Kia Automotive Group holds a 33.99% stake in Kia Motors, down from the 51% that it acquired in 1998.
• MAN SE holds a 17.01% voting stake in Scania.
• Porsche Automobil Holding SE has a 50.74% voting stake in Volkswagen Group. The Porsche automotive business is fully owned by the Volkswagen Group.
• Renault and Nissan Motors have an alliance involving two global companies linked by cross-shareholding, with Renault holding 44.3% of Nissan shares, and Nissan holding 15% of (non-voting) Renault shares. The alliance holds a 3.1% share in Daimler AG.
• Renault holds a 25% stake in AvtoVAZ and 20.5% of the voting stakes in Volvo Group.
• Toyota holds a 51% stake in Daihatsu, and 16.5% in Fuji Heavy Industries, parent company of Subaru.
• Volkswagen Group holds a 37.73% stake in Scania (68.6% voting rights), and a 53.7% stake in MAN SE (55.9% voting rights). Volkswagen is integrating Scania, MAN and its own truck division into one division.
• Volkswagen Group has a 19.9% stake in Suzuki, and Suzuki has a 5% stake in Volkswagen.
• Paccar inc. owns a 19% stake in Tatra.