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When did Toyota buy Mazda?

One of my coworkers was talking about Toyota’s acquisition of Mazda, which came as a surprise because I thought they were still two separate companies—when did Toyota buy Mazda?

avatar
Andrew Biro · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Despite being a minority owner of the Mazda Motor Corporation,
Toyota
 has never actually bought Mazda outright—the two manufacturers do, however, have a close partnership and the Toyota Motor Corporation holds a 5.1% stake in
Mazda
.
In 2015, Mazda Motor Corporation signed an agreement with the Toyota Motor Corporation to form a long-term partnership—the most notable outcome of this partnership is Toyota supplying Mazda with hydrogen fuel cell systems in exchange for Mazda’s fuel-efficient SkyActiv engine technology.
In 2018, the two corporations would establish a joint-venture automobile manufacturing company—Mazda Toyota Manufacturing, U.S.A., Inc.—in Huntsville,
Alabama
. Both corporations hold a 50% stake in the company and the facility currently produces the
Toyota Corolla Cross
 and Mazda CX-50.
MORE:
How to lower your Mazda insurance costs
Mazda
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