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 Geely Yuanjing The Geely Yuanjing sedan is a compact sedan produced by Chinese automaker Geely under the Yuanjing or Vision product series. It is the first commercial car produced by Geely Automobiles. The car was first introduced in 2006. It carries the first CVVT engine designed and made in China. The car was named Geely Tiger, Biaowang and Luhu, but it later renamed "Vision" (远景,Yuǎn jǐng). Geely Yuanjing went on sale on May 18, 2007 after being adjusted by Magna Steyr. Geely Haijing (Englon Haijing) was based on SMA Haijing, which designed similar to first generation Geely Yuanjing. It carries