Wednesday 17th Oct 2018 - Logistics Manager Magazine

Renault pulls out of truck making with Volvo sale

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Renault, the French car maker, has ended its involvement in the commercial vehicle industry after selling its entire shareholding in AB Volvo.

It became a shareholder in Volvo in 2001 as part of a deal in which Renault Trucks became part of the Volvo Group.

The sale of the 139 million shares has raised some €1.5bn euros for Renault.