Tag: Dongfeng Commercial Vehicles

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