AB Volvo has announced an increase in its investment in a truck factory in Nuevo Leon, Mexico, raising the total to $1 billion, as stated by Economy Minister Marcelo Ebrard. Initially projected at $700 million, the new facility is set to begin operations in 2026. Ebrard highlighted the positive nature of this news through social media.
Sweden’s AB Volvo is set to enhance its investment in a new truck manufacturing facility located in Nuevo Leon, Mexico, elevating the total investment to $1 billion. This announcement was made by Mexico’s Economy Minister, Marcelo Ebrard, on Thursday. Previously, in August, Volvo disclosed that it had selected a site near Monterrey, with initial construction costs estimated at $700 million for this North American heavy-duty truck factory.
Minister Ebrard expressed enthusiasm regarding the increased investment, stating, “Good news!” in a post on the social media platform X. He indicated that this information was relayed to him from Volvo’s headquarters in Sweden. The factory is projected to commence production in 2026, marking a significant expansion in Volvo’s manufacturing capacity in North America.
Currently, Volvo has not provided a response to requests for comments made outside of regular business hours. This substantial investment reflects Volvo’s commitment to enhancing its operational footprint and contributes positively to the Mexican economy.
In summary, Volvo’s decision to increase its investment to $1 billion for its truck factory in Nuevo Leon highlights its commitment to expanding in North America. With production anticipated to start in 2026, this investment is poised to play a pivotal role in both Volvo’s growth and the regional economy.
Original Source: www.tradingview.com
