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. Last Updated: 07/27/2016

Volvo-Scania Talks

STOCKHOLM, Sweden -- Swedish automaker AB Volvo has held talks about acquiring local rival Scania AB with Scania's biggest shareholder Investor AB, a senior Volvo official said Monday.

"It's obvious that we've been in contact with Investor," said Jonas Winzell, head of investor relations at Volvo.

But Winzell said he could not comment on details of the talks or if the two had reached agreement on a purchase of all of truck and bus maker Scania.

Confirmation of who is talking to whom has been thin on the ground in the secretive talks surrounding the Swedish auto sector as the global industry restructures amid overcapacity.