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 X1 Geely Yuanjing X1 The Geely Yuanjing X1 is a mini CUV produced by Chinese manufacturer Geely slotting below the Geely Yuanjing X3. As Crossovers and SUV are being more favored by Chinese people , most Chinese car manufacturers appeared their SUV projects on the market. Geely, relying its rich experience in car manufacturing, released 7 new crossover and SUV--Vision SUV, Vision X1, Vision X3, Boyue, Vision S1, Emgrand GS and Emgrand GSe. Vision X1 is a product which divided Geely's market into more meticulous parts. At the same time, X1 made a complete "Vision" Family coexist with the "Bo" family