Volvo to boost Mexico plant investment to $1 billion, minister says
Published by Global Banking & Finance Review®
Posted on April 4, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on April 4, 2025
1 min readLast updated: January 24, 2026
Volvo plans to increase its investment in a new truck factory in Mexico to $1 billion, enhancing its North American operations.
MEXICO CITY (Reuters) - Sweden's AB Volvo will increase its investment in its new North American heavy-duty truck factory in Nuevo Leon, Mexico, from a previously announced $700 million to $1 billion, Mexico's Economy Minister Marcelo Ebrard said on Thursday.
(Reporting by Brendan O'Boyle; Editing by Sarah Morland)
The article discusses Volvo's increased investment in a new truck factory in Mexico, raising the amount from $700 million to $1 billion.
Volvo is investing in Mexico to expand its North American heavy-duty truck production capabilities.
The investment increase was announced by Mexico's Economy Minister Marcelo Ebrard.
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