Swedish truck maker Volvo AB on Tuesday unveiled a new medium truck model for South America, the Volvo VM, which it expects to secure 10% of the market within just one year, Dow Jones reported. Investment in the new model totals $US35 million, Volvo told the news agency, and the aim is to sell 1,500 VM trucks next year, taking about 10% of the market for medium trucks in South America.
BRAZIL: Volvo launches unique medium truck model - report
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