Tag: Volvo

Volvo Construction Equipment Sells Chinese Subsidiary SDLG for $700 Million

Volvo Construction Equipment has agreed to sell its majority stake in Chinese subsidiary SDLG to a fund controlled by the Lingong Group for SEK 8 billion ($700 million), the Swedish construction equipment manufacturer announced. The transaction will generate a positive impact of SEK 1 billion on operating income when completed. The sale involves Volvo CE’s… Continue reading Volvo Construction Equipment Sells Chinese Subsidiary SDLG for $700 Million

Volvo Construction Equipment Sells Chinese Subsidiary SDLG for $700 Million

Volvo Construction Equipment has agreed to sell its majority stake in Chinese subsidiary SDLG to a fund controlled by the Lingong Group for SEK 8 billion ($700 million), the Swedish construction equipment manufacturer announced. The transaction will generate a positive impact of SEK 1 billion on operating income when completed. The sale involves Volvo CE’s… Continue reading Volvo Construction Equipment Sells Chinese Subsidiary SDLG for $700 Million

Volvo Construction Equipment refocuses its presence in China – divests its shares in SDLG

GOTHENBURG, Sweden, June 24, 2025 /PRNewswire/ — Volvo Construction Equipment (Volvo CE) has signed a contract to sell its ownership in China-based SDLG (Shandong Lingong Construction Machinery Co) to a fund predominantly owned by the Lingong Group (LGG) for SEK 8 billion (6 billion RMB.) The transaction is expected to have a positive effect of… Continue reading Volvo Construction Equipment refocuses its presence in China – divests its shares in SDLG

Volvo Construction Equipment acquires Swecon

GOTHENBURG, Sweden, June 24, 2025 /PRNewswire/ — Volvo Construction Equipment (Volvo CE) has come to an agreement with Lantmännen to acquire the Swecon’s business operations in Sweden, Germany and the Baltics including Entrack. Volvo CE will pay 7 billion SEK for the acquisition, which is subject to regulatory approval. Closing of the deal is anticipated in… Continue reading Volvo Construction Equipment acquires Swecon

Mercedes Leads FY2025 Luxury Car Market; E-Class LWB Emerges as Top Seller

Even though the Indian luxury car market saw tepid growth, the segment remains dynamic, driven by premium SUVs, expanding EV portfolios and greater localisation. The top five players in the segment, namely Mercedes-Benz, BMW, Jaguar Land Rover, Audi and Volvo, added 48,849 units to the total sales tally in FY25, a minuscule 0.55 percent year-on-year… Continue reading Mercedes Leads FY2025 Luxury Car Market; E-Class LWB Emerges as Top Seller

Safety Under Pressure: Chery Battery Faces Indonesian Ocean for 53+Hours – Still Running

JAKARTA, Indonesia, June 20, 2025 /PRNewswire/ — On June 17, Chery commenced the second stage of its Global Safety Challenge in Jakarta, Indonesia, focusing on the “extreme humidity” scenario within its six-dimensional safety evaluation system (heat, cold, dryness, humidity, high-speed, and rough terrain). This rigorous test validated the moisture and corrosion resistance of the “Guardian Battery”… Continue reading Safety Under Pressure: Chery Battery Faces Indonesian Ocean for 53+Hours – Still Running