Complex sentence: Originally spun off from Continental Motors Company in 1929 and owned by Teledyne Technologies until December 2010, the company is part of AVIC International, which is owned by the government of the People's Republic of China.
Split into simpler sentences: Originally spun off from Continental Motors Company in 1929 and owned by Teledyne Technologies until December 2010. The company is now part of AVIC International, which is owned by the government of the People's Republic of China.