Renault Vehicules Industriels yesterday extended its buyout offer for Mack Trucks Inc. but its chief executive said Renault is “extremely troubled” by Mack’s sagging financial prospects and has begun ...
Having watched stock for Mack Trucks Inc. drop from a yearly high of 21 1/8 points to as low as 12 1/2 by Tuesday, Renault yesterday said it would buy as much as 900,000 shares of the Allentown truck ...
With Mack Truck Inc.`s financial plight worsening, principal shareholder Renault Vehicules Industriels S.A. indicated Thursday that it might revise or withdraw its $6-a-share offer for the company or ...
Mack Trucks Inc., founded 90 years ago by descendants of a man who emigrated from France to escape religious persecution, has been taken over by the huge French government-owned automotive ...
In the wake of its effective takeover of Renault’s truck business – including Mack in the United States – Volvo has revealed an ambitious new medium/long-term engine development strategy. The huge R&D ...
AB Volvo and the United States Department of Justice have entered into a consent decree that is awaiting approval by US district court in Washington DC. AB Volvo has received clearance from the ...
STOCKHOLM, Sweden (Oct. 27, 2004) — Volvo AB and Renault S.A. have settled a three year-old disagreement the companies have had since Volvo’s acquisition of Renault VI/Mack. According to the ...
Mack tender offer opens: Renault Vehicules Industriels S.A., the industrial vehicle subsidiary of Regie Nationale des Usines Renault, began a $6-a-share cash tender offer for all outstanding common ...
Sweden?s Volvo Group is betting big on its 50:50 Indian joint venture with Eicher Motors??VE Commercial Vehicles (VECV). The JV is likely to market two more brands from Volvo?s stable??Renault Trucks ...
STOCKHOLM, Sweden (April 25, 2000) — Following several weeks of negotiation, Volvo AB announced plans to buy the truck business of Renault VI/Mack in a stock deal worth $1.58 billion US. The ...