Volvo to sell low-margin Japan truck unit to Isuzu in $2.3 billion deal
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.
Volvo to sell low-margin Japan truck unit to Isuzu in $2.3 billion deal
Dec 18, 2019, 11:18am UTC
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.