VECV divests stake in US subsidiary
Volvo Eicher Commercial Vehicles (VECV) has divested its entire stake in its US-based subsidiary. Eicher Engineering Solutions, to Spain’s SegulaTecnologias Espana for a sum of USD 1.85 million. The company has sold 100 per cent shares in its subsidiary to the Spanish company. According to Vinod Aggarwal, MD & CEO, VECV, the divestment is part of VECV’s plans to drive[Read More…]