GOTHENBURG, Sweden, May 12, 2023
/PRNewswire/ -- Volvo Trucks and Jiangling Motors Co., Ltd
will not pursue the previously announced transaction involving the
acquisition of JMC Heavy Duty Vehicle Co., Ltd, and its
manufacturing site in Taiyuan, Shanxi province, China.
The two parties will not pursue the transaction due to that the
conditions for closing the transaction were not met. Volvo Trucks
will continue to export trucks to customers in China.
"Volvo Trucks has a long history of successful business
activities in China. We have great
opportunities on the Chinese market and we will continue the
efforts to develop our presence. Our long-term ambition is to grow
our business and continue delivering our high-quality trucks to
customers in China, together with
our dealer partners in the country," says Roger Alm, President Volvo Trucks.
For further information, please contact:
Claes Eliasson, Volvo Group Media
Relations, tel +46 76 553 72 29
Press images and films are available in the Volvo Trucks
image and film gallery at http://images.volvotrucks.com.
Volvo Trucks supplies complete transport solutions for
discerning professional customers with its full range of medium-
and heavy-duty trucks. Customer support is provided via a global
network of dealers with 2,300 service points in about 130
countries. Volvo trucks are assembled in 12 countries across the
globe. In 2022 approximately 145,000 Volvo trucks were delivered
worldwide. Volvo Trucks is part of the Volvo Group, one of the
world's leading manufacturers of trucks, buses, construction
equipment and marine and industrial engines. The group also
provides complete solutions for financing and service. Volvo
Trucks' work is based on the core values of quality, safety and
environmental care.
The following files are available for download:
https://mb.cision.com/Main/39/3768760/2057658.pdf
|
230512-volvo-group-volvo-trucks-discontinues-the-acquisition-of-heavy-duty-truck-manufacturing-operation-in-china-en
|
https://news.cision.com/ab-volvo/i/volvogroup2-1860x1050,c3178548
|
VolvoGroup2
1860x1050
|
View original
content:https://www.prnewswire.com/news-releases/volvo-trucks-discontinues-the-acquisition-of-heavy-duty-truck-manufacturing-operation-in-china-301823210.html
SOURCE AB Volvo