Chinese automotive group Zhejiang Geely Holding has purchased almost 10% of Daimler, just weeks after becoming the largest shareholder in truck manufacturer AB Volvo. This latest move is part of a strategy by the Chinese firm to compete with technology companies such as Tesla, Google and Uber in the development of electric vehicles. Announcing the deal, Li Shufu, Geely’s founder and main owner, said: “No current car industry player is likely to win this battle against the invaders from outside […]
Maritime Transport has bought from Mercedes-Benz for the first time in five years, with an order for 65 Actros tractor units.
The RHA is to launch legal action against the major truck manufacturers, after they were found guilty by the European Commission of price fixing and fined €2.9bn (£2.5bn).
Volvo has started producing a limited number of trucks for the UK market as the COVID-19 pandemic shows signs of abating.