Volvo Group acquires 45% of Dongfeng （沃尔沃集团获得45%的东风）.pdf

Volvo Group acquires 45% of Dongfeng Commercial Vehicles JANUARY 26, 2013 Volvo Group Headquarters Volvo-Dongfeng - December xx, 2012 Volvo to become the world’s largest heavy-duty truck manufacturer • AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of Dongfeng’s medium and heavy commercial vehicles business. • Completion of the transaction will make the Volvo Group the world’s largest manufacturer of heavy-duty trucks with a combined annual volume (2011) of 326,000 HD trucks and 98,000 MD trucks. • The transaction is subject to approval of relevant Chinese authorities and anti-trust agencies. Volvo Group Headquarters VolvoVolvo--DongfengDongfeng -- December xx, 2012December xx, 2012 22 Group Trucks’ strategic objectives 2013-2015 3.1 By optimizing the brand assets become number 1 or 2 in combined This agreement supports the Group Trucks HD market share 3.2 Establish required commercial strategic objective for the Volvo Group’s presence to support revenue growth