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
China Everbright Group China Everbright Group China Everbright Group is a Chinese state-owned enterprise. Everbright Group was a subsidiary (55.67 percent) of Central Huijin Investment. The Ministry of Finance of China owned the rest of the stake, which Central Huijin acquired on 8 December 2014. China Everbright Group was ranked 313th in 2016 Fortune Global 500. China Everbright Holdings was established in British Hong Kong in 1983, by three proxy persons for the Government of China: Wang Guangying, Zhang Lansheng () and Ren Xiguang (), with Wang "owned" most of the shares until 1990, which was transferred to Qiu Qing (), the second