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Mar 3, 2015
"Riding the east wind" is an ancient Chinese saying about seizing the momentum of natural forces to make further inroads.
It also might sum up Swedish truck maker Volvo Group's investment in Dongfeng Group (DFG), China's biggest player in the world's largest truck market. Dongfeng literally translates as "east wind."
The deal, after 9 years of negotiations, was finalized last month when Volvo Group bought 45 percent of a subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV) for 5.5 billion yuan (US$885 >Read more