Volvo buys Nissan Diesel
Volvo has made an offer to buy Japanese truck manufacturer Nissan Diesel for £546m. The Swedish firm already owns 19% of ND, but sees potential production and marketing synergies and access to Nissan Diesel's 'heavy hybrid' technology.
From the Volvo Group press release:
“Nissan Diesel’s products and know-how represent a valuable complement to the Group’s truck business,” says [Volvo CEO] Leif Johansson. “Nissan Diesel holds a solid position in Japan and the rest of Asia where the Volvo Group foresees substantial growth potential. A merger offers both parties even greater possibilities to learn and benefit from each other’s know-how and resources.”“During our joint synergy study, great trust grew between the companies and I believe that the merger is the best alternative for Nissan Diesel’s future,” says Iwao Nakamura, President of Nissan Diesel.
Since Volvo’s first purchase of shares in Nissan Diesel, Volvo’s Deputy CEO Jorma Halonen was appointed Vice Chairman in Nissan Diesel’s Board. Jorma Halonen sees major mutual advantages with an even closer cooperation.
“Nissan Diesel can benefit from the Volvo Group’s resources and know-how, but Volvo can also benefit greatly from Nissan Diesel’s experience of medium-heavy trucks and its expertise in, for example, hybrid technology,” he says.
The study of co-ordination possibilities carried out jointly by Volvo and Nissan Diesel identified synergies over five years of about €200m (£135m) annually. The major portion of the integration gains is as a result of increased purchasing volumes, but positive effects also arise within product development, engines and drivelines. Other gains arise in that the companies have access to each other’s dealer and service networks, primarily in Asia but also in other parts of the world.
Lots of new vans at the CV Show
There might have been a record number of van launches in 2006, but there's still going to be plenty for van buyers at this year's CV Show starting April 24.
As well as being the first UK show appearance for the Citroën Relay, Fiat Ducato and Peugeot Boxer, this will also be the UK debut for the Citroën Dispatch, Fiat Scudo and Peugeot Expert.
Citroën promises that its offering will have features to set it apart from its siblings, while Peugeot has already announced full specification for the Expert - including prices (starting at £13,670). This will be Peugeot's first CV Show for four years, and will be the world preview for the 207 van.
Following the success of its first Hanover appearance, LDV will have a significant presence at the show. It will use the event to launch its new range of Maxus chassis cabs.
VW, which had its best-ever year in 2006, will be showing a full range of Crafter conversions, including an Ingimex dropside and tipper and a Boalloy-built Luton. It will also be launching the new Shiftmatic automated manual two-pedal transmission in the Crafter.
However, most people are likely to be looking at the Atacama concept vehicle - a four-wheel drive lifestyle version of the Crafter.
Vauxhall will be focusing on the Movano, which it says it plans to push in the coming months. Despite selling more vans than Renault in the UK, the Movano is consistently outsold by its Renault Master sibling. It will be showing a double cab tipper and a removals van.
This will also be the UK show preview for the new Corsavan and show goers can expect to see a couple of Vauxhall concept vehicles too.
Both Nissan and Renault Trucks will be previewing the new Cabstar/Maxity, while Ford is promising to show a derivative of the Transit that has never been seen in the UK before.