• M2M money train

    SA's biggest mobile operators have found a new revenue stream, says Gugu Lourie.

  • Customers as experts

    Some M4Jam micro jobbers are now helping others to refine their ability to make money.

  • Sticking it to Sanral

    The time is now for citizen-centric leadership to stop the road to ruin, says Mandi Smallhorne.

Data provided by iNet BFA
Loading...
See More

China's Dongfeng to tie up with Volvo

Jan 23 2013 12:44 Reuters

GLIMPSE OF THE FUTURE: The Safe Road Trains for the Environment initiative has developed wireless technology to create road trains by controlling a convoy of vehicles from a lead truck.

Related Articles

Volvo gets freedom to restructure

Geely completes takeover of Volvo

China approves Geely takeover of Volvo

Volvo to invest $11bn in next five years

Volvo chief suffers a stroke

Chamber welcomes truckers' pay deal

 
Beijing - Chinese state-owned auto maker Dongfeng Motor Group Co. is set to announce as early as this weekend a strategic alliance with Swedish truck maker Volvo AB, according to a Dongfeng official.

The official, who declined to be identified because the information has not been publicly released, said Dongfeng may gain access to Volvo technology, through the deal. He declined to give further details.

Chinese media reports on Tuesday had said the deal is likely to involve a joint venture to produce and market Volvo trucks in China. 

Dongfeng is a major exporter of heavy trucks to emerging markets, including Africa and South America, and the alliance would help the company further expand its global reach, the official added.

Volvo, the world's number two truck maker, said in December it would cut back production in North America due to tough conditions. 

Dongfeng will hold a media event in Beijing on Saturday to announce the signing of a strategic alliance with one of the world's leading commercial vehicle manufacturers, according to the invitation to the event.

A spokesman for Dongfeng declined to give details.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

volvo  |  companies  |  industrial
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...