Commercial vehicle news

And the manufacturers are looking to make the most of the potential through joint ventures and strategic partnerships. One recent development was confirmed by Volvo Trucks, which announced the completion of its acquisition of 45% of Chinese automotive manufacturer Dongfeng Commercial Vehicles Co (DCVC) – in a neat reversal of the 2010 acquisition of Volvo Cars by China’s Geely.

Volvo’s president and CEO, Olof Persson (pictured above), commented: “This strategic alliance is a real milestone and entails a fundamental change in the Volvo Group’s opportunities in the Chinese truck market, which is the largest in the world.” He also noted that such alliances have benefits both ways, adding: “At the same time, it will provide us with the opportunity to become involved in growing DFCV’s international business in a manner that will benefit us and our Chinese partner.”