Volvo is a Swedish multinational company that produces luxury vehicles, buses, heavy trucks, as well as boat engines. It was founded in 1927 and is headquartered in Gothenburg, Sweden.
According to reports, Volvo has announced plans to build a $700 million USD truck factory in Monterrey, Mexico. The factory will be used to produce heavy-duty trucks for the Volvo and Mack brands.
The report further mentions that the plant is expected to start operations in 2026 and will be a significant addition to Volvo’s North American operations.
