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Stock Market & Financial Investment News

News Breaks
January 26, 2013
14:16 EDTVOLVY, NSANYVolvo 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.
News For VOLVY;NSANY From The Last 14 Days
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August 26, 2014
06:42 EDTNSANYCCI charges automakers $420M for anti-competitive tendencies, Reuters says
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August 21, 2014
07:18 EDTNSANYChina considering new anti-trust rules for auto sector, China Daily says
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05:48 EDTVOLVYVolvo reports July truck deliveries down 9% to 15,410
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