Volvo and Isuzu team up to produce trucks

Volvo and Isuzu team up to produce trucks

December 18, 2019 0 By autotimesnews

Car companies intend to form a strategic alliance.

The Volvo Group and Isuzu Motors have entered into a Memorandum under which manufacturers plan to form an alliance in the commercial vehicle segment. The first step for the merger will be a global technology partnership and the creation of a combined business for the production of cars.

Both automakers complement each other in terms of geographical location and product range. Gradually, companies will explore additional areas where additional mutually beneficial opportunities may appear.

Collaboration between the Volvo Group and Isuzu Motors will be established through individual contracts, and binding agreements should be signed by mid-2020.