Independent journal on economy and transport policy
08:26 GMT+2
Volvo to join forces with Renault
(Cargoweb)
April 25, 2000
Volvo and Renault just announced a Memorandum of Understanding whereby Volvo will exchange 15 percent of its shares for 100 percent of the shares in Renault's truck business, Renault VI/Mack.
The transaction would nearly double the volumes of Volvo's truck business. After authorization from Volvo's shareholders at the Annual General Meeting, Volvo's Board ...... Read more on Cargoweb
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