My friend offered to receive me at the railway station. C1 to react to something or someone in a particular way that shows how you feel about it, him, or her: The speech was well/warmly/coldly, etc. received by the conference delegates.
KITT is owned by Knight industries in both the Movie and Television series Knight Rider. David Hasselhof has never owned a KITT!
The Gross VAT qualifying cars are owned by a business. The owner has reclaimed the VAT during the purchase and pays VAT after selling the car. When you buy such a car for your business you are able to reclaim the VAT too.