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Steyr Bus is born

24th May 1990, Page 22
24th May 1990
Page 22
Page 22, 24th May 1990 — Steyr Bus is born
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Which of the following most accurately describes the problem?

• Volvo Bus and Steyr Daimler Puch are to form a jointlyowned company on 1 July, to which Steyr will transfer all of its bus building activities. The company will operate as Steyr Bus out of Steyr's Vienna plant. But Volvo is the majority shareholder and will manage the operation.