Volvo takeover DEUTZ
Date:2012-06-19 Author:Eric Source:www.chinatrucks.com
www.chinatrucks.com: On June 14th, 2012, Volvo group announced that they had sign the agreement with DEUTZ and hold the 25% equities of DEUTZ became the largest shareholder.
The president of Volvo group said that to takeover the DEUTZ is a part of expend the cooperative in the commercial medium engine program.
The data shows that the DEUTZ was founded in 1864, and it is the oldest independent engine manufacturer, the engine mainly used in engineering machinery, commercial vehicles and so on.
Volvo group said that they buy the more than 22 million shares and the price is 5.88 euros per share from the DEUTZ. Now the shareholder became 25%, and through the related agency approval, the Volvo Group had became the largest shareholder.
Views:0
share:
Related China Trucks News
- Volvo Gets Order for 1,500 Volvo FH Aero Trucks from an Italian Logistics Compan 2024-07-23
- Volvo Trucks Will Be at the IAA Transportation 2024 Expo 2024-07-15
- Volvo Expands Its Range of Biodiesel-powered Trucks 2024-05-28
- Volvo and Daimler Truck to Form Software Joint Venture 2024-05-23
- World's First: Volvo Built Electric Trucks with Fossil-Free Steel 2022-11-11
- Volvo to Supply 20 Heavy-duty Electric Trucks to Amazon 2022-10-10
- Volvo Trucks Starts Series Production of Heavy Electric Trucks 2022-09-15
- Volvo Trucks Launches FH with I-Save in China 2022-04-29
- Volvo FH with I-Save to be Launched in China, Cutting Fuel Cost by 10% 2022-04-22
- Volvo, Daimler And Traton Agree On JV Charging Network for Europe 2021-12-27
China Trucks Advisor
Submit Your Requirements, We Are Always At Your Service.
Hot News
- Jiefang Partners with FCTS to Develop Hydrogen-Powered Car Transport Vehicles
- Farizon Auto Sets Roadmap for Global Expansion
- JMC Assembles Kaiyun Euro 5 Models in Vietnam
- SuperPanther Teams up with DHL for Sustainable Logistics
- SuperPanther Partners with Steyr Automotive to Launch Electric Heavy-Duty Trucks
- JAC Showcases T9 EV Pickup at 2024 EVA Frankfurt Electric Vehicle Expo
- Zoomlion Reports Record Overseas Revenue Growth for H1, 2024
- Madagascar President Rajoelina Visits Foton Motor
- European Premiere for Kia PBV at IAA Hannover 2024
- SAIC Maxus RV Debuts at Düsseldorf Caravan Show in Germany
Recommended Brands[more]
Recommended Trucks[more]
China Truck Statistics
- Heavy Truck Sales Reach 59,000 Units in July in China
- Tractor Sales in H1, 2024 Reached 162,100 Units, Up 4%
- China's Truck Export Reaches 351,076 Units in H1 2024
- XCMG Dominates 2024 with Record Sales in New Energy Heavy Trucks
- Mid-Year Pickup Market Report: JAC Exports Up 13%, JMC Exceed 36,000 Units
- Truck Exports in May 2024: China Exported Close to 65,000 Trucks
- Exports of Pickups Reached 22,892 Units in May
- Exports Surge by 157%! DFAC Exports 9,628 Vehicles from January to May
- China's Heavy Truck Exports Rising 58% YOY to 276,000 Units in 2023
- China Exported 507,000 Trucks from Jan.-Sept., Up 21% YoY
