Thursday 14 November 2024
 
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truckmaker

Volvo ropes in rival Scania CEO for big role

Swedish truckmaker Volvo has named Martin Lundstedt, the head of rival Volkswagen-owned Scania as its chief executive, replacing embattled Olof Persson who has led a sweeping efficiency drive. Volvo, vying for dominance of the tru

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Abu Dhabi IPIC in Ferrostaal stake deal

Abu Dhabi's International Petroleum Investment Company (IPIC) will sell back its 70 per cent stake in plant construction and engineering business Ferrostaal to German truckmaker MAN in a deal that ends a year-long dispute. As per the d

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