Volvo Group to acquires 45% of Dongfeng Commercial Vehicles for $900M; Volvo to become world’s largest manufacturer of heavy-duty trucks
Green Car Congress
JANUARY 26, 2013
China is the world’s largest truck market. AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business.
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