User-agent: Mediapartners-Google* Disallow: Trucks World News: TRUCKMAKERS NEWS * Sweden: Volvo JV with Deutz in China
Google
 
Loading

Feb 12, 2015

TRUCKMAKERS NEWS * Sweden: Volvo JV with Deutz in China

* Sweden - Volvo pulls plug on German venture

-- Swedish truck maker Volvo has agreed with German engine maker Deutz to pull the plug on their planned joint venture in China... The two partners had not yet invested substantial sums in the joint venture, which had been expected to be set up at the end of this year... Since 2007, Deutz has been operating a joint venture with First Automotive Works (FAW) Group, one of China's leading vehicle manufacturers... The venture, Deutz (Dalian) Engine Co., makes three- to eight-litre diesel engines, primarily for the Chinese market... Earlier this month, Sweden's Volvo, the world's second-largest maker of trucks, reported a sharp fall in annual profits and announced 1,000 redundancies in its construction equipment business following falling demand from China... (Photo: TT - A Volvo truck factory in the US) - Stockholm,Sweden -The Local -11 Feb 2015

Labels:

posted by Unknown @ 12:22 PM 

0 Comments:

Post a Comment

<< Home