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Stock Market & Financial Investment News

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January 22, 2014
07:37 EDTVOLVYChinese authority approves JV between Volvo and Dongfeng Motor Group
On January 7, the National Development and Reform Commission in China gave its approval of the establishment of a joint venture between the Volvo Group and Dongfeng Motor Group Company Limited. Before completion of the transaction, additional authority approvals are to be obtained. As announced in January 2013, AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles, which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business. Through the approval by NDRC an important step has been taken towards completion of the transaction. Completion is subject to certain conditions including the approvals of other Chinese authorities, which have not yet been obtained. Completion of the transaction is currently expected to take place mid 2014. At completion of the transaction, the Volvo Group will significally strengthen its position in the medium-duty and heavy-duty truck segment.
News For VOLVY From The Last 14 Days
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November 19, 2014
05:38 EDTVOLVYVolvo reports Oct. truck deliveries down 5% to 22,244 vehicles
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November 12, 2014
06:27 EDTVOLVYVolvo to slash 3,000 employees as part of savings plan, Reuters reports
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November 11, 2014
10:00 EDTVOLVYOn The Fly: Analyst Initiation Summary
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05:29 EDTVOLVYVolvo initiated with an Underperform at Jefferies
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November 9, 2014
18:34 EDTVOLVYVolvo begins XC60 production in China, Reuters says
Volvo Car Group, which is owned by Geely, said it is beginning production of its XC60 crossover at its plant in Chengdu, furthering its goal of supplying locally-produced cars in China, says Reuters. Reference Link

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