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Tag: AB Volvo

Dealers
Volvo CE parent enters U.S. securitization market for first time
According to a story on the website Asset Securitization Report, AB Volvo will enter the the U.S. securitization market for the first time to fund lines of credit for its truck, construction equipment, bus, marine and industrial engine dealerships. Previously, the company’s captive finance Volvo Financial Services funded lines of credit elsewhere, says the website. […]
November 7, 2017
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Business
Volvo acquires 45 percent of Dongfeng Commercial Vehicles
AB Volvo has signed an agreement with Dongfeng Motor Group (DFG) to acquire 45 percent of Dongfeng Commercial Vehicles (DFCV), a new subsidiary of DFG, which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business. The company says the transaction will make Volvo Group the world’s largest manufacturer of heavy-duty trucks. […]
January 28, 2013
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Construction Equipment
AB Volvo names new president, CEO
AB Volvo’s board of directors appointed Olof Persson, 46, as the president and chief executive officer of Volvo. Persson, who is currently president of Volvo Construction Equipment, will assume the position on Sept. 1 when Leif Johansson retires. The board of directors reviewed a large number of both internal and external candidates to identify a […]
March 16, 2011
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