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In 1987, Renault Vehicules Industriels took over from its parent company Renault a 42% stake in the American manufacturer Mack Trucks which became a fully owned subsidiary of Renault Vehicules Industriels in 1990.
Mack Trucks is a leading manufacturer of heavy-duty trucks and is part of Volvo Group.
?Volvo and Renault VI/Mack complement each other well, both geographically and product-wise,? says Volvo CEO Leif Johansson. ?The intended transaction will double our share of the market in north America and will, at the same time, substantially strengthen our positions in markets in Southern Europe and North Africa.
Mack, which was bought by Volvo in 2000, is one of North America's largest makers of medium-duty and heavy-duty trucks.
Mack, founded in 1900, is one of North America's largest manufacturers of medium-duty and heavy-duty trucks, engines and transmissions. Its trucks are sold in nearly 30 countries. Volvo (VOLVb.ST) bought Mack in 2000.
Second Amended Complaint means the pleading to be filed prior to the Final Judgment defined below is entered and which will be the operative pleading for purposes of entering Final Judgment.