Ford Motor Company sports car maker Aston Martin in 1989, later selling it on March 12, 2007, although retaining an 8% stake. Ford purchased Volvo Cars of Sweden in 1999, selling it to Zhejiang Geely Holding Group in 2010. In November 2008, it reduced its 33.4% controlling interest in Mazda of Japan to a 13.4% non-controlling interest. On November 18, 2010, Ford reduced their stake further to just 3%, citing the reduction of ownership would allow greater flexibility to pursue growth in emerging markets. Ford and Mazda remain strategic partners through exchanges of technological information and joint ventures, including an American joint venture
Geely Yuanjing S1 Geely Yuanjing S1 The Geely Yuanjing S1 is a compact CUV produced by Geely under the Emgrand product line, positioning the Yuanjing S1 just above the Geely Yuanjing X3 subcompact crossover. The Geely Yuanjing S1 is essentially a heavily facelifted Emgrand EC7-RV hatchback. Originally the launch vehicle for Emgrand (), the medium to high-end luxury brand of Geely that was launched in July 2009, the product was repositioned after the facelift. After the discontinuation of the "Emgrand" brand, the Emgrand name became a series of product under the Geely brand, and the Emgrand logo became Geely's new logo. The predecessing