Isuzu: Ud Trucks

isuzu: Isuzu, which sold 530,000 vehicles last year, will acquire all of the truck-maker, the companies said in a statement Wednesday. ; The deal will boost Volvo Group's operating income by about 2 billion kronor 212 million and increase the Swedish company's cash position by 22 billion kronor, according to The Japan Times. Isuzu shares fell as much as 5.1 percent Thursday. UD Trucks, based in Saitama, Japan, used to be part of Nissan Motor Co. before it was sold to Volvo more than a decade ago. Isuzu specializes in light to medium-size trucks while UD Trucks have strengths in producing heavier vehicles, as well as mid-range trucks to a certain extent. The Japanese trucking market is very competitive and not very profitable, analysts have said, so the sale of UD Trucks is expected to free up cash for Volvo as it competes with Germany's Daimler, India's Tata Motors and China's Dongfeng Motor. Volvo is among the world's biggest makers of heavy duty trucks and owns brands including Volvo Trucks, France's Renault Trucks and U.S.-based Mack Trucks. (news.financializer.com). As reported in the news.