Volvo to Build New Truck Plant in Mexico to Boost North America Growth
Provided by
Dow Jones
By David Sachs
Volvo Group will build a new heavy-duty truck factory in Mexico to boost its production in North America.
The company said Thursday that the plant will support its growth strategy for the Volvo Trucks and Mack Trucks brands in the U.S. and Canada. It will open in 2026, Volvo said.
The factory will also support Mack Trucks sales in Mexico and Latin America, the carmaker said, adding that its plants in Pennsylvania and Virginia will remain its main heavy-duty production sites.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
April 11, 2024 12:35 ET (16:35 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Powell Unfazed By Sticky Inflation, but Rate Cuts Are Far Off
-
After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued?
-
Best- and Worst-Performing Stocks of April 2024
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Small-Cap and Value Stocks Are Undervalued
-
Why We Expect the Job Market’s Slowdown to Renew in 2024
-
5 Undervalued Stocks to Buy to Play a Little Defense
-
10 Top-Performing Dividend Stocks of the Month
-
Marathon Petroleum Earnings: No Change to Competitive Position, but Shares Look Expensive
-
Charlie Munger and How Not to Invest
-
Look Inside Berkshire Hathaway’s Portfolio Before Its Annual Meeting
-
After Earnings, Is AT&T Stock a Buy, a Sell, or Fairly Valued?
-
Mastercard Earnings: A Stable Environment Highlights the Firm’s Strengths
-
Pfizer Earnings: Solid Results Supported by Steady Tracking Toward $4 Billion In Cost Cuts
-
Starbucks Earnings: Not a Lot to Like About Results as Global Traffic Sputters