Construction Equipment
Ag Equipment
Roadbuilding
Dealers
Business
Technology
Tag: Dongfeng Motor Group
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
Home
Volvo’s fourth-quarter profits boost 2011 forecast
Volvo AB reported a fourth-quarter profit that boosted its 2011 truck-delivery forecast by 10 percent. Their fourth-quarter net income was about $500 million, compared with a loss of $308 million a year earlier. Volvo’s revenue rose 23 percent to $11.3 billion, and they delivered almost 57,000 trucks in the quarter – 49 percent more than […]
February 8, 2011
Page 1 of 1