In a global economy, it’s no surprise that products get made wherever it’s cheapest to do so. We’re all accustomed to third world parts and labor being used to build plenty of cars belonging to international brands, but are you aware of the fact that many trusted car brands are now owned by so-called third world corporations? Here are a few examples of brands that have changed hands.
Volvo is a well-known manufacturer of cars, trucks, and heavy construction equipment. It is still thought of as a Swedish brand, despite the fact that it was sold to the American company Ford Motor Company in 1999. Ford in turn sold Volvo Cars to a Chinese company in 2012.
The premium British car brand Jaguar actually started out under the name Swallow Sidecar, because the first vehicles produced by the company were motorcycle sidecars. The name was changed to Jaguar after WWII made the initials SS unsavory forever. Jaguar was sold to Ford in 1990 and is now owned by Tata Motors, an Indian company. Jaguars are still made in Britain however.
Formerly a British brand, Land Rover is the oldest 4-wheel-drive brand in the world after Jeep. In 1994 the brand was sold to BMW, who then sold it to Ford in 2000. Ford sold the brand again in 2008, this time to the Indian company Tata Motors. The brand has in a way come full circle now, as Tata operates it under a British subsidiary.
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