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April 1, 2010

THAILAND: Truck dealer sues Volvo Group

A Thai truck dealer is suing the Volvo Group for THB10.5bn (US$324m) in damages for what it describes as unlawfully terminating two contracts.

A Thai truck dealer is suing the Volvo Group for THB10.5bn (US$324m) in damages for what it describes as unlawfully terminating two contracts.

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Nissan Diesel (Thailand) , which sells vehicles made by Volvo subsidiary UD Trucks , has filed a suit in Thailand against Volvo , a spokesman for the Swedish company told AFP , without providing any further details.

Volvo ‘s annual report said Nissan Diesel (Thailand) filed suit last November against the company and three of its employees, claiming its actions had led UD Trucks to “unlawfully terminate two agreements” with the dealer.

The annual report added : “Volvo considers that the plaintiff’s claim is of no merit.”

The Volvo spokesman said it was common for agreements with dealers to be terminated following a purchase. Volvo purchased Nissan Diesel in 2007 and has since changed its name to UD Trucks .

Nissan Diesel (Thailand) is a wholly owned subsidiary of Singapore-based Tan Chong International .

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img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
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