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Ford is to acquire Volvo's car division for $6.5bn, while the remaining Volvo truck business has announced plans to close its plant in Irvine with the loss of 250 jobs. 29-Jan-1999 Volvo has announced plans to cut 5,000 jobs and, although the impact on UK operations will be limited, there is uncertainty over the future of the Irvine plant in Scotland. 01-Dec-1998 Henlys and Volvo are in talks to jointly acquire MASA, the Mexican coachbuilder, and a deal should be completed by the end of the year. 02-Sep-1998 Volvo has increased its stake in the Henlys bus group to 3.3%, in order to support Henlys' bid for the Dennis special vehicles business. 14-Aug-1998 Volvo is to acquire the BRS truck rental business from NFC for £49m, which will make Volvo Contract Services the largest such company in the UK managing over 20,000 trucks, buses and coaches. 20-Jan-1998 TWR, the automotive engineering consultancy, is setting up a joint venture with Volvo to develop chassis for Volvo's buses and coaches. 26-Mar-1997 Albion Auto Industries has bought Volvo's truck and bus components operation in Leyland. 04-Oct-1995
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