TOKYO -- Isuzu Motors' plan to partner with Volvo Group on commercial vehicles is driven by the Japanese truck maker's urgency to compete better against Chinese and Indian players and manage the soaring costs of technology development.
Isuzu will acquire the Swedish company's UD Trucks unit as part of this strategic partnership, the Japanese automaker said Wednesday. The move comes as companies in Europe lay the groundwork for new international tie-ups amid falling sales in developed markets.
