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Teaming up

21st October 1999
Page 13
Page 13, 21st October 1999 — Teaming up
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Which of the following most accurately describes the problem?

• Volvo and Mitsubishi are acquiring 5% of each others' shares and forming a strategic alliance for trucks and buses.

The companies plan to share purchasing and development costs, while Volvo boss Leif Johansson says the move will strengthen their presence in Aso.

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People: Leif Johansson

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