Volvo CEO confirms $700 million Mexico truck factory plan despite US tariff threat.

From Investing.com: 2025-01-08 22:30:50

Volvo Group CEO Martin Lundstedt confirms plans for a $700-million heavy-truck factory in Monterrey, Mexico, despite Trump’s tariff threats. The plant aims to start operations in 2026 and serve North America, Latin America, and beyond. Volvo currently produces all U.S.-sold trucks domestically.

Volvo’s Mexico project is ongoing, with potential to send trucks to the U.S. based on tariff outcomes. The company, along with other major truck manufacturers, is eyeing Mexican operations due to lower costs. Volvo is also adjusting its green investment strategy, delaying a Swedish battery plant’s high-volume production.



Read more at Investing.com: Volvo CEO says plan for Mexico truck factory ongoing despite US tariff threat By Reuters