Volvo agreed to pay 5.6 billion yuan ($890 million) for a minority stake in the commercial vehicle unit of China’s Dongfeng Motor Group, a transaction the Swedish company said will make it the world largest maker of heavy-duty trucks.
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Volvo to take a $890 million stake in the commercial truck unit of China’s Dongfeng Motor
By Quartz Staff
ChinaThis article is more than 2 years old.