Reported about 22 hours ago
Volvo Group's CEO Martin Lundstedt announced that the company will continue its $700-million truck factory project in Monterrey, Mexico, despite potential US tariffs under President-elect Donald Trump. Expecting the plant to open in 2026, Volvo aims for growth in North America, targeting vehicle deliveries across the region, including the US, Canada, and Latin America. Lundstedt noted that the factory's operation remains flexible based on tariff developments and emphasized Volvo's commitment to expanding production capabilities in the US.
Source: YAHOO