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Pastimes : What Ever Happened To That Company?

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From: richardred	11/19/2005 10:37:03 PM
	of 306

Cars! Cars! Cars! Who owns who ownerlogo.jpgSo, you're buying an English car huh? That fancy Jaguar with its birds eye maple... so much nicer than any American car. In fact, no American company can compete with its elegance you say. Well, hold on to your bowler because, as nice as the Jaguar is, it's now a Ford. The automotive world is a complicated place now and with consolidation hitting everyone it's no surprise that car companies are gobbling up each other faster than ever before. Now, just because Volvo sold their car division to Ford it doesn't mean you can get a Mustang engine in a S60 sedan. Nor does it mean you can get Ford Focus with an Aston Martin engine. But it does mean these companies with bigger parents have a better chance of surviving long-term because of better financial stability. In fact there's a good chance SAAB wouldn't be making new designs if it weren't for GM and I don't think Volvo would have had the money for their latest 'R' line of cars if Ford hadn't stepped in. But in soap opera fashion sometimes these companies sell their divisions so quickly that the new parent doesn't even have time to make their own changes. What do we mean? The latest Range Rover (from Land Rover which is owned by Ford) comes with a wonderful BMW engine under the hood. Why? Because BMW bought the Rover group some years ago and sold the Land Rover lineup to Ford. To put it plainly, you'd be buying an English SUV with a German engine from an American company. Use our chart below to see who owns who. BMW owns: -BMW -Mini -Rolls Royce Daimler/Chrysler owns: -AMC (brand discontinued -- Chrysler bought AMC primarily for the Jeep brand which was owned by AMC) -Chrysler -Dodge -Eagle (brand discontinued) -Hyundai (Daimler/Chrysler only owns 10% --13 May 04 changes!) -Jeep -Maybach -Mercedes-Benz -Plymouth (brand discontinued) -Smart Fiat owns: -Alfa Romeo -Ferrari -Fiat -Lancia -Maserati Ford owns: -Aston Martin -Ford -Jaguar -Land Rover (bought from BMW) -Lincoln -Mazda (Ford owns 33% of Mazda) -Mercury -Volvo cars Fuji Heavy Industries owns: -Subaru General Motors owns: -Buick -Cadillac -Chevrolet -Daewoo (GM owns 44%) -Fiat (GM owns ~20%) (GM has decided to divorce itself from Fiat as of Feb '05) -GMC -Holden -Hummer -Isuzu (GM only owns a percentage) -Oldsmobile (brand discontinued) -Opel -Pontiac -Saab -Saturn -Subaru (GM owns 20%) -Suzuki (GM only owns a small percentage) -Vauxhall Honda owns: -Acura -Honda Hyundai owns: -Hyundai -Kia Nissan owns: -Infiniti -Nissan -Renault (Nissan owns 15%) PSA Peugeot Citroen owns: -Citroen -Peugeot Porsche is an independent company (they do work very closely with VW, however) Renault owns: -Nissan (Renault owns 44%) Toyota owns: -Daihatsu (~51%) Fuji Heavy Industries (Toyota owns ~20%. Toyota bought this from GM in late 2005. ) -Lexus -Scion -Toyota Volkswagen owns: -Audi -Bentley -Bugatti -Lamborghini -SEAT -Skoda -Volkswagen Since automotive world is constantly changing, this article is will updated as needed. Last update: 11 November 2005. Change was: DaimlerChrysler sells its 12.4 percent stake in Mitsubishi [Editor's Note: We had this info incorrectly listed. We had listed 37% (which it was at one point) but at the time of this sale, DC only owned 12.4% of Mitsubishi. We apologize for the error.] March 16, 2004 in Car News \| Permalink carscarscars.blogs.com

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