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The Volvo Deal was a plan for industrial cooperation between Norway and Sweden whereby Norway would get 40% of the shares of the Volvo car manufacturing concern, while Volvo would get control over oil resources on the Norwegian continental shelf. [1]
Volvo Group – a manufacturer of trucks, buses and construction equipment (among others) owned by Swedish interests; Volvo Car Group or Volvo Cars – a manufacturer of automobiles owned by Ford Motor Company; Volvo Group completed its 5% deal with Mitsubishi in November 1999, but sold its stake back to Mitsubishi Heavy Industries in March ...
Renault would assist Volvo with entry-level and medium segment vehicles and in return, Volvo would share technology with Renault in upper segments. In 1993, a 1994 Volvo-Renault merger deal was announced. The deal was barely accepted in France, but it was opposed in Sweden, and the Volvo shareholders and company board voted against it.
Swedish automaker Volvo Cars on Wednesday abandoned its near-term goal of only selling electric vehicles, citing a need to be “pragmatic and flexible” amid changing market conditions and ...
In 1999 Volvo sold its passenger car division Volvo Cars to Ford Motor Company. Volvo intended to use the money they got from the deal to buy Scania from the Wallenberg group, but the plans fell on the European Union's anti-trust legislation stating this would give Volvo close to monopoly in Scandinavia. [11]
TOKYO/STOCKHOLM (Reuters) - Sweden's Volvo AB will sell its Japan-based UD Trucks business to Isuzu Motors in a deal worth around $2.3 billion, exiting a low-margin business and boosting its cash ...
The move will see the build of a new battery gigafactory in Europe and the development of energy cells for Volvo’s electric-only sister brand Polestar. Volvo signs Gigafactory deal with Swedish ...
The Volvo/Procordia deal, which was the largest demerger in the history of Sweden, got the firm off to a running start. The emergency restructuring resulting in the sale of four subsidiaries belonging to the Swedish co-operative KF (Kooperativa Förbundet) soon followed as did a string of high-profile deals. [3] [4] [5] [6]