MILITARY TRUCKS * France: Volvo's Renault Defense
* Paris - France eyes industry boost from Volvo's Renault Trucks Defense sale
France is playing close attention to the sale of Renault Trucks Defense, a divestment seen as key for industrial consolidation, said Defense Minister Jean-Yves Le Drian... “We’re very vigilant on this file,” he told Nov. 24 journalists at Innovation Forum, a technology showcase for small companies organized by the Direction Générale de l’Armement procurement office. “This is an important subject for France” ... Volvo, a Swedish truck maker, said Nov. 4 the workers' councils would be consulted on a planned disposal of the Volvo Group Governmental Sales business. That military vehicles unit, mainly composed of RTD, accounts for some 1.5 percent of Volvo’s total sales and employs 1,300 staff...
(Photo Credit) -- Paris, France - Defense News, by Pierre Tran - November 28, 2016