Volvo is set to be the world’s largest heavy-duty truck maker after it signed an agreement with China’s Dongfeng Motor Group (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of DFG’s medium- and heavy-duty truck business.
“This is a very exciting venture that will combine the best of two worlds, strengthening the positions of Volvo and Dongfeng and offering excellent opportunities to both parties,” Volvo’s president and CEO Olof Persson said. “Combining Dongfeng’s strong domestic position and know-how with Volvo’s technological expertise and global presence will offer DFCV excellent potential for growth and profitability in and outside China.”
Completion of the transaction is subject to conditions, including the approval of relevant anti-trust agencies and Chinese authorities. The purchase consideration amounts to 5.6 billion yuan (RM2.78 bil), and follows a recent agreement between DFG and Nissan, in which the former bought out Nissan in a heavy-duty commercial vehicle JV.
Volvo is currently the world’s third largest manufacturer of heavy-duty trucks with 180,000 units sold in 2011. Dongfeng was the second largest producer of heavy-duty trucks in 2011, with total sales of 186,000 units, of which approximately 142,000 units were produced by the part of the company that will be included in DFCV.
“China is the world’s largest truck market with a total market for heavy trucks equivalent to the European and North American markets combined. The partnership between the Volvo Group and DFG will strengthen DFCV’s already strong position in China and provide the company with the right conditions for successful international expansion,” Persson added.
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like dugong vios
Lame…
You officially replaced Sam Loo in my annoying list. but Sam Loo at least make me laugh with his stupidity ,you fail to amuse and are rather annoying. I don’t see anything in the article looking like or relevant to a dugong vios.
On the side note, Happy Chinese New Year to you, and I’am still finding a way to put pictures on my comment, too much thieves around.
that because you really don’t know what is dugong really about, hehehe
Where ur pictures?
Oh, I’ve enough spare time to watch Nat Geo about Dugong, hack when I was a child I love watching this kid show called Stanley.
The dugong and its closest relatives, the manatees are mammals ,and thou that means that they are some what related to Whales and Dolphins, they are actually related closer towards elephant, Yes, Elephants. Christopher Columbus on his way towards what will be America, famously mistaken a manatees for a mermaid, in fact it is belief that Dugong sparks the myth about mermaids.
Off the boring bit, I think it is you that do not know what a dugong is, what has a tall, boxy, square Volvo trucks has anything to do with a large, roundish mammal that is believe to be a mermaid. And if you think that the Dong Feng names sound like Dugong, oh your stupidity. Get off the comments section and watch more Stanley.
i talk about design, i never talk about name “dongfeng” dugong, hahaha
read “what has a tall, boxy, square Volvo trucks has anything to do with a large, roundish mammal that is believe to be a mermaid.”
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Use same email you use for commenting here.
Thanks man..
Your face look like dugong too…
Stupid la you….comparing truck with sedan…
The trucks look damn solid.
i always wonder why does trucks always have the boxy shape. cant they make any aerodynamics design so it could at least save some fuel?
1. Maximise cargo space
2. Trucks are not F1, zooming around at >300km/h.
At low speed, fuel saving by aerodynamic design is negligible.
:) I think the designers of all trucks are stupid you know.
I think it is you who is stupid here. It is all about maximizing cargo or carrying space and hence the boxy design…
At least they get to design something for the masses. What are you? Nuclear Scientist???
I saw two wise intelligent persons here who understood what I really talked about behind the words. The other sixteen need to improve.
Your sarcasm is bad and you should feel bad
I won’t beat around the bush. Your sarcasm is crappy to say the least.
Sorry Tokmoh. I meant to reply to the Sarcasm King.
only fool will buy buy a chinese car
The engine is so big therefore the body must be tall. They can make it aerodynamic but the head will be too long. Truck shall be as short as possible to maximize turning circle. Cd is not important as this kind of truck has 700+hp, 1000+nm tq, wgt more than 50ton wth load. Everyone knows about these. Boxy design is just suited for truck.
A truck has lots of power, no need streamlining like F1 car… It makes the truck head too long…