Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
..
. Space Industry and Business News .




CAR TECH
Volvo set to be world leader in heavy trucks after China merger
by Staff Writers
Stockholm (AFP) Jan 26, 2013


Volvo Trucks says it expects to overtake Daimler as the world's leading producer of heavy trucks, after acquiring a 45 percent stake in Chinese auto manufacturer Dongfeng.

Currently the world's third biggest producer behind Dongfeng and German-owned Daimler, the merger with its nearest rival will, Volvo believes, elevate it to the top spot.

The Swedish company said in a statement Saturday that it had signed an agreement with Dongfeng Motor Group (DFG) to acquire 45 percent of its new subsidiary Dongfeng Commercial Vehicles (DFCV) that will include "the major part of DFGs medium- and heavy-duty commercial vehicles business."

The deal, worth 5.6 billion yuan ($900 million, 669 million euros), will allow Volvo to "become the world's largest manufacturer of heavy-duty trucks," the statement said.

In 2011 Volvo produced 180,000 units, 6,000 fewer than Dongfeng, but a large part of the Chinese firm's production will pass to the new subsidiary.

The deal should be completed in the next 12 months, Volvo said.

.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





CAR TECH
European collaboration to prepare European electricity networks for influx of electric vehicles
Aalborg, Denmark (SPX) Jan 22, 2013
A European consortium, consisting of DNV KEMA, Fraunhofer ISE, EMD International, RAH and RFVV, has begun an EU funded project to develop modeling and simulation tools for optimally integrating electrical vehicles (EVs) into electricity networks. The project, Novel E-Mobility Grid Model (NEMO), plays a key role in the further development of electric mobility in Europe and will be an important el ... read more


CAR TECH
New information on binding gold particles over metal oxide surfaces

Researchers Create Method for More Sensitive Electrochemical Sensors

Phoenix Rising: New Video Shows Advances in Satellite Repurposing Program

Novel sensor provides bigger picture

CAR TECH
Insights from the SIA DoD Commercial SATCOM Users' Workshop

Boeing to Upgrade Combat Survivor Evader Locator Radios, Base Stations

NATO member orders Falcon III radios

Lockheed Martin Completes Work on US Navy's Second MUOS Satellite

CAR TECH
Azerspace And Africasat-1a "fit" for Ariane 5 launch

NASA Selects Experimental Commercial Suborbital Flight Payloads

Payload elements come together in Starsem's wrap-up Soyuz mission from Baikonur Cosmodrome for Globalstar

Amazonas 3 in Kourou for Ariane 5 year-opening launch campaign

CAR TECH
AFRL Selects Surrey Satellite US to Evaluate Small Satellite Approach to GPS

Lockheed Martin Awarded Contract to Sustain Ground Station for Global Positioning System

China promotes Beidou technology on transport vehicles

New location system could compete with GPS

CAR TECH
F-35C Completes First In-Flight Dual Refueling

Lockheed Gets Apache M-TADS PNVS Performance Based Logistics Contract

Russian air force replacing transports

China buys Russian bombers

CAR TECH
DARPA, Industry Collaborate to Knock Down Microelectronics Barriers

New 2D material for next generation high-speed electronics

UGA researchers invent new material for warm-white LEDs

Intel profits slide, outlook weak as woes continue

CAR TECH
RapidEye Commits to Data Continuity; Discusses System Health and Life Span

Pleiades 1B captures its first images using e2v sensors

NASA's Interface Region Imaging Spectrograph Mission Satellite Completed

Landsat Senses a Disturbance in the Forest

CAR TECH
Swiss, EU leaders hail mercury treaty

BPA substitute could spell trouble

Beijing vows efforts to fight pollution: state media

US Navy to pump oil from ship stuck in Philippines




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement