Legal Settlement Frees Up Volvo To Expand Market Share

Sweden's Volvo Group will be able to build on its share of the Thai truck market through the UD brand, after settling a legal dispute with licensee Tan Chong International. Volvo will now invest around THB3bn (US$2.59mn) to expand the brand and take over domestic production operations, as it looks to regain UD's former market share of around

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