In international news, Isuzu Motors and Volvo Group have signed a new strategic agreement that will see two major heavy vehicle manufacturers develop a common platform for heavy-duty trucks.
The deal between Isuzu Motors and UD Trucks will result in the platform for medium heavy-duty truck models for the Japanese and other Asian markets, using Volvo Group technology.
While the deal is built on the strategic partnership framework agreement that was initially established in October 2020 between the two companies, the agreement now has a minimum duration of 20 years.
This will result in a continued supply of key components, particularly powertrains from Volvo Group, while also ensuring ongoing technical support in development and quality assurance.
Isuzu says the partnership will focus on advancing platform development and strengthening customer support systems to ensure a stable and successful market introduction.
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“This new agreement marks a significant milestone in the deepening of trust and collaboration between Isuzu Motors and Volvo Group,” Isuzu Motors chairman and CEO Masanori Katayama says.
“By combining our technological strengths and expertise, we are paving the way for the future of medium heavy-duty trucks in Japan and across Asia. And it will further enhance the stability and reliability of our products and services for customers.”
By signing the agreement, Volvo Group president and CEO Martin Lundstedt says both companies will complement each other’s strengths, leverage their respective technologies and create larger scale synergies to further strengthen the strategic alliance and address future logistics challenges.
“This setup creates a true win-win. By leveraging shared technology, both parties can drive industrial efficiency and long-term value for customers,” Lundstedt says.
“It strengthens our ability to grow revenues while contributing to a more competitive offering in the Asian market.”
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