Ford Motor Company, Mazda Motor Corporation, and Matsushita Electrical Industrial Company formed a ____ to make heating and cooling units in Japan for Mazda cars beginning in 1988.The new company's heating and cooling units may also be used in Ford's cars.

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Quizplus · Accepted Answer

The collaboration between Ford Motor Company, Mazda Motor Corporation, and Matsushita Electrical Industrial Company to make heating and cooling units in Japan for Mazda cars beginning in 1988 is an example of a joint venture. A joint venture is a business arrangement in which two or more parties agree to combine their resources for a specific project or business activity. In this case, the joint venture was formed to produce heating and cooling units for Mazda cars, with the potential for future use in Ford cars as well.