Volvo signs final JV deal with India's Eicher

Newswire

STOCKHOLM, May 26 (Reuters) - World number two truck maker Volvo said on Monday it had inked a final agreement to set up a new truck and bus joint venture with India's Eicher Motors Ltd . In line with the preliminary deal unveiled late last year, Volvo will own 45.6 percent of the joint venture company, called VE Commercial Vehicles Ltd, and buy an 8.1 percent stake of Eicher, leaving it with a direct and indirect ownership in the joint venture of 50 percent, Volvo said in a statement. ...

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