16 de dezembro de 2012

Short News: Volvo Trucks buys the last shares from Renault Trucks

The French automaker, Renault SA, sold the last shares (6,5%) they had in Volvo AB for 1.458 million Euros ($1.92 billion Dollars) ending a connection that lasted for 11 years as the largest owner of the Swedish company.

This sale has a clear objective, Renault needs money to reduce its debt and invest in France, Russia and China. Still in the near future both companies will continue to use the same components. Renault uses the same drivelines used by the Swedish company, and the FL and FE types are basically Renault Trucks.

Source: iepieleaks.nl