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News Breaks | | | | January 26, 2013 | | 14:16 EDT |  | VOLVY, NSANY | Volvo in JV with China's Dongfeng Motor Group
Volvo (VOLVY) has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group, 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. At completion of the transaction, the Volvo Group will become the world's largest manufacturer of heavy-duty trucks.The purchase consideration amounts to RMB5.6B. The goal is to complete the transaction as soon as possible and completion is expected to take place within approximately 12 months from today.The transaction with DFG follows the recent agreement between DFG and Nissan Motors (NSANY), in which DFG purchased the medium- and heavy-duty commercial vehicle operation from the joint venture DFL, owned jointly by DFG and Nissan Motors. | |
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News For VOLVY;NSANY From The Last 14 Days Check below for free stories on VOLVY;NSANY the last two weeks. |
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| May 23, 2013 | | 07:23 EDT |  | VOLVY | Volvo may sell its North American rental business, Bloomberg reports
 Subscribe for More Information | | | 05:54 EDT | | NSANY | Nissan to recall 841,000 vehicles for steering wheel problem, Reuters reports
Subscribe for More Information | | | May 22, 2013 | | 07:41 EDT |  | VOLVY | PROS Holdings to host a conference
Outperform Europe 2013 is being held in Brussels, Belgium on May 22-23. | | | 05:41 EDT |  | VOLVY | Volvo upgraded to Neutral from Underweight at HSBC
| | | May 19, 2013 | | 14:28 EDT | | NSANY | Nissan expands in Japan minicar market, Bloomberg reports
Subscribe for More Information | | | May 14, 2013 | | 10:32 EDT | | NSANY | GM to source small cargo vehicle from Nissan for U.S., Canada markets
Subscribe for More Information | | | 06:12 EDT | | NSANY | Audi sales growth surges in China, Bloomberg reports
Subscribe for More Information | | | May 13, 2013 | | 12:55 EDT | | NSANY | Nissan CEO looking to double U.S. sales by 2017, Automotive News says
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