Daimler Truck, Volvo Group wrap up deal to form fuel-cell joint venture

www.engineeringnews.co.za
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German group, Daimler Truck, and Swedish truck maker, the Volvo Group, have wrapped up the deal to form a fuel-cell joint venture (JV).  The Volvo Group has acquired 50% of the interest in the existing Daimler Truck Fuel Cell company for about 600-million euro on a cash and debt-free basis.
German group, Daimler Truck, and Swedish truck maker, the Volvo Group, have wrapped up the deal to form a fuel-cell joint venture (JV).

The Volvo Group has acquired 50% of the interest in the existing Daimler Truck Fuel Cell company for about 600-million euro on a cash and debt-free basis.

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The partners say the ambition is to make the new JV a leading…
Irma Venter
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