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 LC Geely LC The Geely LC, sold in its home market as the Geely Panda or the Gleagle Panda, is a city car produced by the Chinese manufacturer Geely from November 2008 to 2016. In 2010 the LC scored 45.3 in C-NCAP crash tests, making it China's first locally researched and developed compact car to be awarded a 5-star rating, and it is subsequently the safest Chinese hatchback as of 2011. The LC was able to achieve the above despite a development process that relied more on computer simulations than actual crash tests. In 2017, The Panda was replaced by a