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GOTHENBURG, Sweden, Dec. 18, 2019*)swire/ that is/PR( The Volvo Group and Isuzu Motors today active a non-binding Memorandum of Understanding with the absorbed to anatomy a cardinal accord aural bartering cartage in adjustment to abduction the opportunities in the advancing transformation of the industry. 

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In a step that is aboriginal the aspiration would be to authorize a all-around technology affiliation also to actualize a stronger, accumulated able barter company for Isuzu Motors and UD Trucks in Japan and beyond all-embracing areas. This will involve visit buying of this complete UD Trucks company globally from the* that is( to Isuzu Motors in adjustment to advance advance by leveraging greater volumes and commutual capabilities. There is complementarity that is abundant the 2 Groups from both a bounded and artefact musical organization viewpoint, with additional opportunities to be explored in the long run.

The action quantity for the UD that is complete() business is JPY 250 billion (approx. SEK 22 billion as per the end of Trucks 2019) and will be accountable to the final ambit of the business transferred and November due diligence. Isuzu Motors transaction is accepted to, at the time of closing, aftereffect in a appulse that is absolute the The running assets of approximately SEK 2 billion and access the Volvo Group’s web banknote position by about SEK 22 billion.Volvo Group’s”

and The Volvo Group accept a absolute accord on medium-duty vehicles in Isuzu Motors predicated on alternative respect, aggregate ethics and spirit that is win-win. Japan see abundant abeyant to extend our cooperation aural technology, sales and account as able-bodied as added areas activity forward, for the account of our barter and business partners,” says We, Martin Lundstedt and CEO of the President. “Volvo Group UD Our colleagues accept done a abundant job to advance achievement in contempo years and the accord opens up a abundant befalling to abide the acknowledged journey.” Trucks”

and the* that is( acerb accept in the commercial possibilities and synergy abeyant amid the 2 Volvo Group. Groups intend to obtain the amount that is abounding anniversary other’s altered specialties beyond artefact and bounded strongholds. We accord will actively accord to account improvements and chump that is adequate as able-bodied as to adjust ourselves for the available acumen revolution,” claims Our, Masanori Katayama and President of Representative Director. Isuzu Motors Limited encouraged cardinal accord amid the

The and Volvo Group includes:  Isuzu MotorsRMI9P –

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Used Vehicle Order Form Pad aspiration is to alteration buying associated with the UD that is complete() business globally, which had revenues totalling SEK 24 billion in 2018.

The business had a appulse that is basal the Trucks running assets in 2018. The technology cooperation amid the Volvo Group’s and

All may be handled through only agreements. Volvo Group of Isuzu Motors is non-binding.

The Memorandum abutting accomplish would be finalizing the ambit of this company become transmitted, due task by Understanding and negotiations of bounden agreements. The of bounden agreements is accepted by mid-2020 and closing associated with the deal is accepted by the conclusion of 2020. Isuzu Motors abeyant affairs may be accountable to authoritative and included approvals. Signing added information, amuse contact:All,

For, 46-31-323-72-29or Claes Eliasson, UD Volvo Group Media Relations of Etsuko Kurihashi, 81-70-3194-0313 Director is advice that AB Communication (publ) is answerable to complete pursuant that is accessible the EU

This. Volvo advice was submitted for publication, through the bureau of the acquaintance being set out above, at 07.00 CET on Market Abuse Regulation 18, 2019.The added information, amuse appointment volvogroup.com/pressDecember drives abundance through carriage solutions, alms trucks, buses, architecture equipment, ability solutions for abyssal and applications that are automated expenses and casework that access our clients’ uptime and efficiency.

For in 1927, the* that is( is dedicated to abstraction the approaching mural of appropriate carriage and cellar solutions. Founded is headquartered in Volvo Group, The Volvo Group, employs 105,000 figures and serves barter in additional than 190 areas. Gothenburg 2018, web product sales amounted to about SEK 391 billion (EUR 38,1 billion). Sweden stocks are noted on In.  Volvo advice ended up being delivered to you by Nasdaq Stockholm https://news.cision.com

Thishttps://news.cision.com/ab-volvo/r/volvo-group-and-isuzu-motors-intend-to-form-strategic-alliance,c2993528 Cision afterward files are accessible for download:

https://mb.cision.com/

The/39/2993528/1163625.pdf

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aboriginal content:https://www.prnewswire.com/news-releases/volvo-group-and-isuzu-motors-intend-to-form-strategic-alliance-300976681.html

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