Volvo digs in to net £660m deal

Maybe not, but it might have helped build it. The firm, which sold its motors division to Ford in 1999, has bought one of the world's largest manufacturers of road-building equipment.

It has paid £660million to take over US-based Ingersoll Rand and will now have branded machines constructing highways around the globe. The Swedish company already builds heavy equipment, including earth-moving diggers, and is the world's number two truck maker.