Wednesday, 19 December 2018

Truckmaker Volvo sells 75 percent of connected car unit to VW

BERLIN/STOCKHOLM (Reuters) – Volvo (VOLVb.ST) has agreed to sell 75.1 percent of WirelessCar, a digital service developer specializing in connected driving, to Volkswagen (VW) (VOWG_p.DE) for 1.1 billion Swedish crowns ($121.5 million), the Swedish truckmaker said on Wednesday. The deal

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