Volvo to sell low-margin Japan truck unit to Isuzu in $2.3 billion deal

TOKYO/STOCKHOLM (Reuters) – Sweden’s Volvo AB (VOLVb.ST) will sell its Japan-based UD Trucks business to Isuzu Motors (7202.T) in a deal worth around $2.3 billion (£1.79 billion), exiting a low-margin business and boosting its cash pile as competition …