NETHERLANDS: Nedcar equity switch signals future model changes
Volvo Car Corporation has transferred its 50% interest in the NedCar car-producing operation in the Netherlands to its NedCar partner, Mitsubishi. The formality is a significant step in the integration of Volvo Car Company's manufacturing activity into Ford's international manufacturing operations. The NedCar facility will therefore lose the replacement for Volvo's S40/V40 mid-range, but has announced that it will gain a new DaimlerChrysler model.
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