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Volvo Group and Isuzu Motors signed binding agreements for a strategic alliance, including Isuzu's acquisition of UD Trucks for JPY 243 billion (approx. SEK 20 billion). The transaction is subject to regulatory approval.
General Motors is building a new $175 million DMAX plant in Brookville, Ohio, to machine engine components for Duramax diesel engines. Construction has started and is expected to be complete by the end of 2020, creating over 100 jobs.