• Mack Trucks, the US heavy-duty truck manufacturer, must "shape
1st December 1988, Page 8
1st December 1988
Page 8
Page 8, 1st December 1988
— • Mack Trucks, the US heavy-duty truck manufacturer, must "shape
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Keywords :
Volvo, Renault, Mack Trucks, Renault Trucks, Car Manufacturers, Truck, Business / Finance
up or ship out", says chief shareholder Renault Vehicules Industriels — and shaping up means a fivefold boost in profits around £54 million in the next few years. RVI, the commercial vehicle subsidiary of Renault, holds a 45% share in Mack, and this investment of up to £380 million has more and more become RVI's main preoccupation. RVI chairman, Philippe Gras needs an up-turn in Mack's profitability if he is to reach his goal of floating RVI on the French stock market by1992.
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Philippe Gras