Filed under: Volvo,Truck,Commercial Vehicles

TOKYO/STOCKHOLM (Reuters) - Sweden's Volvo AB will sell its Japan-based UD Trucks business to Isuzu Motors in a deal worth around $2.3 billion, exiting a low-margin business and boosting its cash pile as competition for high-tech trucking heats up. The deal, announced by the companies on Wednesday, is part of a broader alliance that will see them share advanced technology for electric and self-driving trucks and use their combined heft to cut development costs. Volvo sharesContinue reading Volvo to sell UD Trucks in Japan to Isuzu in $2.3 billion deal

Volvo to sell UD Trucks in Japan to Isuzu in $2.3 billion deal originally appeared on Autoblog on Wed, 18 Dec 2019 08:19:00 EST. Please see our terms for use of feeds.



Permalink | Email this | Comments

More...