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Volvo CE signed a contract to sell its ownership in China-based Shandong Lingong Construction Machinery Co (SDLG) to a fund predominantly owned by the Lingong Group (LGG). Going forward, Volvo CE will target focused business segments in China and enhance its utilization of the Chinese supplier ecosystem…
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Volvo CE sells SDLG stake for $837 million, recommits production in China
Zonia Kazmierczak
22:24
Volvo CE signed a contract to sell its ownership in China-based Shandong Lingong Construction Machinery Co (SDLG) to a fund predominantly owned by the Lingong Group (LGG). Going forward, Volvo CE will target focused business segments in China and enhance its utilization of the Chinese supplier ecosystem…
