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Isuzu Motors has completed the transaction to acquire Japan-based UD Trucks from the Volvo Group for approximately $2.2 billion.
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Another consolidation among global truck makers is in the works: Sweden’s Volvo Group is selling its Japan-based UD Trucks business to Isuzu Motors.
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A UD truck equipped with a Level 4 autonomous control system has made Japan’s first-ever trip over public roads, delivering sugar beets to a refining mill on the northern island of Hokkaido.
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The Volvo Group will build a 1-million-square-foot central parts distribution center in Byhalia, Miss., to support its Mack, Volvo and UD truck brands, as well as the Volvo Construction Equipment brand and Volvo Penta marine business.
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