#ForeignOwnership

We’re a long way from the days when the United Kingdom not only hosted a slew of independent automakers, it owned some of them. For decades, brands fell away as most of the remaining automakers found new parents living on the wrong side of the English Channel. Jaguar, Land Rover, Rolls-Royce, Bentley, Mini, Lotus, and now Morgan.

Known for its famed 3-Wheeler and persistence in retaining wood construction elements and running boards, the 110-year-old automaker just handed a majority stake to an Italian investment firm. The sound you hear might be Union Jacks being lowered in Malvern Link.

After a bombshell report stated multiple Chinese automakers are courting Fiat Chrysler Automobiles in the interests of a buyout, the country’s most well known manufacturer says it wasn’t the one making an offer.

Geely Automotive, an unknown entity until its parent holding company’s 2010 purchase of Ford castoff Volvo Cars, claims it isn’t planning a takeover of the Italian-American automaker. However, it’s not like Geely’s parent company doesn’t have deep pockets. Surely there’s roughly $20 billion in clanky bits somewhere in those trousers.

Still, a source claims Zhejiang Geely Holding Group did hold preliminary talks with FCA late last year.

Mahindra’s attempt to buy Italian design firm Pininfarina collapsed over the weekend due to opposition by the latter’s creditors.

After being purchased over a month ago, De Tomaso once again finds itself with a new owner.

China’s Ministry of Industry and Information Technology, in line with President Xi Jinping’s desire for opening the domestic economy to private and foreign investors, plans to relax restrictions on foreign ownership of joint ventures with local automakers in the face of those warning such a move would be the beginning of the end of the Chinese local auto industry.