Alongside the big American name artists the Berlin Jazz Festival also increasingly presents musicians from all quarters, artists whose music centres on crossing the borders between local folk traditions and global sounds and trends.
Ford Agrees to Sell Volvo to a Fast-Rising Chinese Company. HONG KONG â Ford Motor reached an agreement on Sunday to sell its Volvo subsidiary to a Chinese conglomerate, in the clearest confirmation yet of Chinaâs global ambitions in the auto industry. The Zhejiang Geely Holding Group, based in Hangzhou, agreed to pay $1.8 billion for Volvo, with $1.6 billion in cash and the rest in a note payable to Ford. Ford paid $6 billion in 1999 to acquire Volvo, leaving the company with a substantial loss on its investment.
In 1979 British Leyland Ltd was renamed to simply BL Ltd (later BL plc) and its subsidiary which acted as a holding company for all the other companies within the group The British Leyland Motor Corporation Ltd to BLMC Ltd.s in the previous war, Leyland did as well as any other company, supplying equipment and material to the armed forces, with the net result that it emerged in 1945 full of good prospects and with a healthy outlook, partly engendered by a bright young ex-apprentice of Leyland called Donald Stokes.