Volvo Group, Isuzu Motors sign agreements to form strategic alliance
The Volvo Group and Isuzu Motors have signed binding agreements to form a strategic alliance within commercial vehicles, in accordance with the Memorandum of Understanding signed in December 2019. The agreements include Isuzu Motors’ acquisition of UD Trucks from the Volvo Group for an enterprise value of JPY 243 billion (approx. $2.31 billion). The transaction
