volvo
The commercial vehicle manufacturers Daimler Truck and Volvo are planning a joint venture to develop a common software platform and operating system for heavy trucks. The aim is to make the new company a leading developer of standardized hardware and software, the manufacturers jointly announced on Friday. The chief executive of Germany's Daimler Truck, Martin Daum, said that the aim was to develop differentiating digital vehicle features for global customers significantly faster and more efficiently. And the chief executive of Sweden's Volvo, Martin Lundstedt, added that they are now joining ...
DPA Breaking News
The Renault Group, the French auto manufacturer, said on Wednesday that its CMA CGM Group had purchased a 10% joint venture stake in Flexis SAS, making it a founding member. The joint venture for the next generation of electric vans was founded on March 22 by Renault and the Volvo Group, holding each a 45% stake. Both companies plan to invest €300 million ($323 million) each over the next three years. CMA CGM, through PULSE, its energy fund, acquired the stake in Flexis and has confirmed its interest for a strategic investment up to €120 million by 2026. Flexis SAS will be based in France, and...
DPA Breaking News
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