AB Volvo agrees to a deal with a Chinese partner to form a heavy-duty-truck-making joint venture in Jinan, Shandong province, following nine years of negotiations. Under the terms of the agreement, Volvo and China National Heavy-Duty Truck Corp. will invest $193.4 million in the venture, called Jinan Huawao Truck Co. Ltd., and each will hold a 50% stake. The venture will produce Volvo Fl6, FM9 and FM12 trucks, engines and spare parts. "China has developed into a strategically ...

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