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Business deals

Isuzu partners with Volvo for next-gen trucks

Japanese maker will acquire Swedish group's UD unit as part of deal

Isuzu has been in a number of other tie-ups in the past, its most recent with U.S.-based Cummins to develop eco-friendly trucks.

TOKYO -- Japanese truck maker Isuzu Motors said on Wednesday it will form a strategic alliance with Sweden's Volvo Group to develop next-generation truck technologies, including electric vehicles and autonomous driving.

Under the partnership, Volvo will transfer its UD Trucks business to Isuzu, the Japanese maker said in a press release, which offered no further details of the transaction.

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