Volvo Group agreed to sell its UD Trucks unit to Isuzu Motors Ltd. for about $2.3 billion and announced plans to forge a strategic alliance with its Japanese rival, the latest sign of consolidation in ...

The Volvo Group will sell its Japan-based UD Trucks group to Isuzu Motors as a first step in forming a global strategic alliance in commercial vehicles. The nonbinding memorandum of understanding ...

UD Trucks, a Japanese subsidiary of Swedish truck maker Volvo AB, plans to introduce electric and autonomous trucks within the next two years, joining global rivals in developing driverless ...

TOKYO/STOCKHOLM — Sweden's Volvo will sell its Japan-based UD Trucks business to Isuzu Motors in a deal worth around $2.3 billion, exiting a low-margin business and boosting its cash pile as ...

The Volvo Group and Isuzu Motors on Wednesday signed a non-binding Memorandum of Understanding signaling their intent to form a strategic alliance charged with establishing a global technology ...

The strategic alliance between both companies — which will have a minimum duration of 20 years — is intended to address possibilities and challenges of the logistics industry of the future. Isuzu ...

UD Trucks is a Japanese company that sells all sorts of light, medium and heavy trucks powered by diesel engines. They were officially established in 1950 and on February 15th, 2010 they were taken ...

The Volvo Group on Wednesday, Sept. 26, announced a new strategy that it said is an important step toward achieving its objective to improve the operating margin by 3 percentage points, including ...

UD Trucks are now being assembled in the Kingdom of Saudi Arabia at Zahid Group’s Arabian Vehicles & Trucks Industry (AVI) facility in the King Abdullah Economic City (KAEC). UD Trucks are now being ...

STOCKHOLM (Reuters) - Volvo's board is proposing that the proceeds from the sale of UD Trucks be distributed to shareholders, the Swedish truckmaker said late on Tuesday. Volvo said in a statement ...

AB Volvo has formally taken over UD Truck’s operations in Thailand after settling a two-year dispute with Hong Kong-listed Tan Chong International. AB Volvo acquired the worldwide UD Truck business in ...

The Japan-based UD Trucks— formerly known as Nissan Diesel— makes medium- and heavy-duty trucks and produced the world’s first vehicle-based selective catalytic reduction (SCR) system for the Quon in ...