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Daimler Truck and Volvo intend to form software joint venture
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Daimler Truck and Volvo intend to form software joint venture
May 17, 2024 1:54 AM

(Reuters) - German truck maker Daimler Truck and Sweden's Volvo intend to form a joint venture to develop a software-defined vehicle platform and dedicated truck operating system, the two companies said on Friday.

The new company would be a 50/50 joint venture, with the deal expected to close by the first quarter of 2025, according to a preliminary non-binding agreement.

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