Volvo to sell its UD Trucks unit to Isuzu for $2.3b

Volvo to sell its UD Trucks unit to Isuzu for $2.3b

Volvo's logo is seen on a XC40. Photo: Adam Cai

Volvo Group agreed to sell its UD Trucks unit to Isuzu Motors Ltd. for about $2.3 billion and announced plans to forge a strategic alliance with its Japanese rival, the latest sign of consolidation in the global automotive industry.

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