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Volvo Trucks withdraws from acquisition of JMC Heavy Duty Vehicle in China
On May 12, Volvo Trucks announced that Volvo Trucks and Jiangling Motors Co., Ltd will not pursue the previously announced transaction involving the acquisition of JMC Heavy Duty Vehicle Co., Ltd, and its manufacturing site in Taiyuan, Shanxi province, China. The two parties will not pursue the transaction due to tha....
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