Truck maker Volvo to build new plant in Mexico
Reuters
Published Apr 11, 2024 12:07PM ET
Updated Apr 11, 2024 12:46PM ET
STOCKHOLM (Reuters) - Swedish truck maker AB Volvo (OTC:VLVLY) said on Thursday it would build a new heavy-duty truck manufacturing plant in Mexico to supplement the group's U.S. production.
"The plant will provide additional capacity to support the growth plans of both Volvo Trucks and Mack Trucks in the U.S. and Canadian markets, and support Mack truck sales in Mexico and Latin America," it said in a statement.
Volvo expects the plant to be operational in 2026, it said.
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Written By: Reuters
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