Ford Motor Company has officially acquired Land Rover, the world's best-known name in 4x4 vehicles. Ford took over ownership of the British company on July 1, from the BMW Group. Commenting on the acquisition, Land Rover's new chairman and chief executive officer Bob Dover said: "We are very pleased and proud to have acquired such a famous and distinguished vehicle maker. We are aware of the company's heritage and proud tradition, and will maintain and enhance that reputation."