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US Department of Justice Gives Clearance To AB Volvo for Purchase of Renault VI/Mack

Published Thursday, March 01, 2001

AB Volvo and the United States Department of Justice have entered into a consent decree that is awaiting approval by US district court in Washington DC. AB Volvo has received clearance from the Department of Justice for acquisition of Renault VI/Mack. The approval is subject to the condition that Volvo Trucks' North American low cab-over-engine (LCOE) business be divested. This segment amounts to less than 3% of the total heavy-truck market in North America. The Volvo Group is establishing a new business area, Volvo Global Trucks, comprising the Volvo, Renault, and Mack truck brands. Tryggve Sthen, chief executive ...

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