GREENSBORO, N.C. — Volvo Trucks North America says it will sell its Xpeditor line to Grand Vehicle Works Holdings.
The Xpeditor truck platform is a low cab-over-engine (LCOE) heavy Class 8 truck and the deal includes the assembly and sale of both the tractors and unique aftermarket parts.
As part of the agreement, Volvo will license the Autocar truck brand name to Autocar, LLC — a newly formed subsidiary of Grand Vehicle Works Holdings.
The move was initiated to comply with an agreement Volvo entered into with the U.S. Department of Justice to obtain antitrust clearance of Volvo’s acquisition of Renault V.I. and Mack Trucks in December 2000.
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News