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TOKYO/STOCKHOLM (Reuters) - Sweden's Volvo AB 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 competition for high-tech trucking heats up. The deal, announced by the companies on Wednesday, is part of a broader alliance that will see them share advanced technology for electric and self-driving trucks and use their combined heft to cut development costs. Volvo shares
Continue reading Volvo to sell UD Trucks in Japan to Isuzu in $2.3 billion deal
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Volvo to sell UD Trucks in Japan to Isuzu in $2.3 billion deal
