Volvo on its way to become world's largest heavy truck manufacturer
Last Updated at
- 12:20 pm, January 30, 2013
Volvo to acquire 45% of the Chinese truck maker DFCV.
While commercial vehicles aren't looked at with the same amount of passion and love as cars, traveling in a Volvo bus around the hills changes one's perception about heavy vehicles. Volvo buses, like all other buses in the market, are top-heavy but the way they hold the road is second to none. And it's not just their buses. Volvo makes some very capable trucks too.
To expand their market presence even further, Volvo has signed an agreement with the Chinese company Dongfeng Motor Group, under which the Swedish company will acquire 45% of Dongfeng Commercial Vehicles, a subsidiary of the above mentioned Chinese vehicle maker. With this move, both the big names in the heavy truck segment will come together and finally grab the number 1 position in the market.
So in a time of 12 months, we shall see a new market leader in the heavy truck segment.
First Published on 12:18 pm, January 30, 2013
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