Keyword
truck manufacturing
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China’s Geely Holding becomes largest Volvo shareholder
STOCKHOLM, Sweden – China-based Geely Holding has purchased Cevian Capital’s stake in AB Volvo, becoming the largest shareholder by capital in the global truck maker. Cevian Capital’s co-founder, Christer Gardell, said: “Today’s announcement concludes over 11 years’ ownership in AB Volvo…
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Chats about truck industry’s future preceded VW, Navistar deal
HANOVER, Germany — Discussions between Navistar and Volkswagen, which recently led to the formation of a strategic alliance between the two truck makers, began in March and initially focused on the future of the trucking industry as a whole. That,…
