STOCKHOLM — AB Volvo Chief Executive Leif Johansson probably didn't know how lucky he was when his merger deal with Swedish competitor Scania AB was rejected by European Commission officials in March. The turndown paved the way for Volvo to buy Renault Vehicules Industriels/Mack in a SK14 billion (US$1.6 billion) deal that analysts say gives the Swedish truckmaker far greater potential than would a merger with Scania. Volvo instantly increases its U.S. heavy truck market share to about ...

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