Recently, Renault Trucks has purchased the Saint Priest wheel shaft factory in France, which is part of Meritor's component supplier. It is reported that after Renault Trucks acquired the plant, it will mainly carry out surface repair and painting of trucks.
Meritor mainly supplies drive systems, brake systems and aftermarket solutions for commercial vehicles. Meritor said that the sale of Saint Priest's axle factory is in line with the company's long-term development strategy, and it will continue to invest in its Swedish and Italian wheel factory.
Renault Trucks is a truck manufacturer in France. It is part of the Renault depot and is headquartered in Lyon, the second largest city in France. Renault Trucks has become the second-largest company under the Volvo Group since 2001. It also includes a 20 percent stake in the Volvo Truck Group. The group operates its heavy-duty truck business around three world-renowned brands. The three brands are: Renault, Volvo, and Mack. In 1987, Renault Heavy Vehicle increased its stake in Renault, the parent company, and became the largest shareholder.
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