Volvo Group To Invest $700M In Monterrey Heavy-Duty Truck Plant, Boosting U.S. And Latin American Market Growth
Portfolio Pulse from Benzinga Newsdesk
Volvo Group is investing $700 million in a new heavy-duty truck plant in Monterrey, Mexico, to support growth in the U.S., Canadian, and Latin American markets. The plant will be operational by 2026.
August 23, 2024 | 6:30 am
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Volvo Group's $700M investment in a new Monterrey plant aims to expand truck production capacity, supporting growth in the U.S., Canadian, and Latin American markets.
The investment in a new plant indicates Volvo's commitment to expanding its market presence in North America and Latin America. This strategic move is likely to enhance production capacity and meet growing demand, positively impacting Volvo's revenue and market share.
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