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Volvo Group and Isuzu Motors Sign Final Agreements to Form Strategic Alliance

Volvo Group Isuzu Motors Alliance
Volvo Group and Isuzu Motors sign final agreements to form strategic alliance recently.

Volvo Group and Isuzu Motors Set to Build Long-term Relationship

The Volvo Group and Isuzu Motors has signed binding agreements to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing industry transformation, in accordance with the Memorandum of Understanding signed in December 2019.

The agreements include Isuzu Motor’s acquisition of UD Trucks from the Volvo Group for an enterprise value of about USD2.3 billion. The transaction is subject to cer...

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