Volvo Trucks to buy China truck manufacturer

Mike Brezonick

23 August 2021

Volvo Trucks has agreed to acquire JMC Heavy Duty Vehicle Co., Ltd., a subsidiary of Jiangling Motors Co., Ltd. The deal, which includes a manufacturing site in Taiyuan, Shanxi province, for RMB 0.8 billion (approximately SEK 1.1 billion and $126 million).

The objective is to start production of the new…

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