Deutz has signed a non-binding memorandum of understanding with AB Volvo with the intention to explore the potential to extend their long-term cooperation with a joint development of the next generation of medium-duty engines for non-road applications. The MoU also aims at analysing the conditions for establishing a Deutz majority-owned joint-venture company in China for the production of medium-duty engines for non-road applications.
Deutz has signed a non-binding memorandum of understanding with AB Volvo with the intention to explore the potential to extend their long-term cooperation with a joint development of the next generation of medium-duty engines for non-road applications.
The MoU also aims at analysing the conditions for establishing a Deutz majority-owned joint-venture company in China for the production of medium-duty engines for non-road applications.
The production company is intended to provide support for the Volvo Group’s anticipated growth in non-road applications in Asia.
Any implementation requires both companies to agree on the final terms and conditions in a binding contract.
