Volvo to sell low-margin Japan truck unit to Isuzu in $2.3 billion deal

Volvo to sell low-margin Japan truck unit to Isuzu in $2.3 billion deal

4 years ago
Anonymous $9ruWwTnhZq

https://www.reuters.com/article/us-isuzu-motors-volvo/volvo-to-sell-low-margin-japan-truck-unit-to-isuzu-in-2-3-billion-deal-idUSKBN1YM0FK

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.