Chinese authorities have approved plans by Sinotruk, a subsidiary of China National Heavy Duty Truck Group Corporation (CNHTC), to acquire all of Volvo Group’s equity interest in the Jinan Huawo Truck Corporation joint venture. The Swedish truck manufacturer held 50% of the equity interest. Volvo Trucks first signed a joint venture Subscribe to Automotive World … Continued
Chinese authorities have approved plans by Sinotruk, a subsidiary of China National Heavy Duty Truck Group Corporation (CNHTC), to acquire all of Volvo Group’s equity interest in the Jinan Huawo Truck Corporation joint venture. The Swedish truck manufacturer held 50% of the equity interest.
Volvo Trucks first signed a joint venture
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https://www.automotiveworld.com/articles/83413-china-govt-approves-volvo-sale-of-jv-stake/
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