The roughly $839 million sale would allow the construction equipment giant to refocus its regional strategy as it expands ...

Volvo Group is divesting its 70% stake in Shandong Lingong Construction Machinery Co (SDLG) for 8 billion Swedish crowns, signaling a strategic shift away from China's mid-market. Simultaneously, ...

Following the sale, Volvo’s construction equipment business plans to concentrate on offering Volvo branded products and services in China.

After Volvo acquired SDLG in 2006, the brand expanded globally, and entered the North American market in 2013. Details at Equipment World.

Following the sale, Volvo’s construction equipment business plans to concentrate on offering Volvo branded products and services in China. The company’s operations in China will continue to serve as a ...

Volvo Construction Equipment is quitting its Chinese manufacturing joint venture and returning to direct distribution in ...

Geely Auto is set to make its entry into the UK passenger car market by establishing Geely Auto UK and starting new cars ...

XPeng entered the Australian new car market in late 2024 among a flurry of new Chinese brands to launch here. Here’s the ...

China's Geely said on Friday it and its parent Geely Holding (GEELY.UL) would take a combined 26.4% stake in a joint venture controlled by its French partner Renault as the two seek to produce and ...

With the company bleeding red ink, Lotus is reportedly contemplating closing its factory in the UK, a move it has now denied.

Volvo Group on Tuesday said it would sell its 70% stake in China's Shandong Lingong Construction Machinery Co (SDLG) and buy its European construction equipment supplier Swecon as it looks to ...