Volvo anounced today that they have taken a share of 45% in Dong Feng, the biggest truck manufactorer in the world.
The Chinese Dong Feng company on it self is bigger than Daimler, and this way Volvo passes Daimler as well!
Earlier Volvo took over Nissan Diesel and at that time they also had a big share in Dong Feng. When the Chinese market started growing Dong Feng bought the shares back, but now the Volvo group is in again.
The 45% costs 670 milion Euro’s and at the moment the Chinese authorities are working things out if they aprove this deal.
Share me:
I think its a Dongfeng ando not Hyundai… š
http://www.iepieleaks.nl/heavy-hyundai-truck-in-scandinavia/