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 […]
Own-account operator Faccenda Foods is taking 29 Volvo tractor units via leasing firm Indelease as it looks to freshen up its fleet.
European truck manufacturers have been hit with a record €2.9bn (£2.5bn) fine after they colluded for 14 years on truck pricing and on passing on the costs of compliance with emissions rules. Ashleigh Wight
Volvo Trucks has put the first two of its all-electric FLs into service with Swedish recycling firm Renova and general haulage company TGM. Hayley Pink