PARIS – The European Commission is monitoring closely Swedish truck maker AB Volvo’s promise to sell off its shares in a newly formed subsidiary, Ainax, which has acquired control of competing truck maker Scania AB. The promise comes as Volvo attempts to solve a long-running competition dispute with the EC. The Commission has been insisting Volvo divest control of Scania as a quid-pro-quo for Volvo’s purchase in 2000 of French auto maker Renault SA’s heavy-truck division, Renault ...
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