Daimler Truck, Volvo to Partner on Software-Based Production Platform
Provided by
Dow Jones
By David Sachs
Daimler Truck and Volvo Group will form a joint venture to develop a software-based manufacturing platform to build digitized heavy-duty vehicles.
Daimler said Friday that each commercial-vehicle maker will own half of the new company, which will be based in Gothenburg, Sweden, and operate as an independent business.
"It will allow us to build differentiating digital vehicle features with significantly greater speed and efficiency for our truck and bus customers around the globe," Daimler Truck Group Chief Executive, Martin Daum, said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
May 17, 2024 04:38 ET (08:38 GMT)
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