STOCKHOLM — AB Volvo rules out a hostile bid for fellow-truckmaker, Scania AB, hoping for at least a collaboration with the company, instead. But Scania continues to reject a tie with its main competitor. Volvo, which recently increased its share of Scania from 12.85% to 20.3% of voting rights and 21.6% of capital, says it would like to cooperate on a medium-range truck since a merger appears impossible. The cooperation, which Volvo says would save US$118 million in three years, would be ...
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