Marcelo Ebrard said in a post on X that he had been informed by Volvo headquarters in Sweden of the planned investment, which represents a rise from the $700 million Volvo had originally earmarked for the project.
Sweden's AB Volvo will increase its investment in its new North American heavy-duty truck factory in Nuevo Leon, Mexico, from a previously announced $700 million to $1 billion, Mexico's Economy Minister Marcelo Ebrard said on Thursday.
Volvo Cars' new top executive said on Thursday the company would produce more cars in the United States while ramping up its regionalisation efforts, just as a 25% U.S. tariff on global autos takes effect.
GOTHENBURG, Sweden , April 2, 2025 /PRNewswire/ -- AB Volvo held its Annual General Meeting on April 2, 2025. The Meeting was held at Konserthuset in Göteborg, Sweden, with the option for shareholders to exercise their voting rights by advance voting (postal voting).
SANTA MONICA, Calif.--(BUSINESS WIRE)--To bolster heavy-duty electric vehicle (HDEV) charging access and convenience for fleets and drivers, Greenlane Infrastructure, LLC, a leading commercial EV charging network developer, has partnered with one of the leading original equipment manufacturers (OEM), Volvo Trucks North America, to integrate Greenlane's charging network into the Volvo Open Charg...
Volvo Car's abrupt decision to tap Hakan Samuelsson as its CEO puts the car industry veteran back in charge of steering the automaker through U.S. President Donald Trump's tariff turbulence and a wobbly transition to electric cars, analysts and investors said.
GOTHENBURG, Sweden , March 31, 2025 /PRNewswire/ -- The number of votes in AB Volvo has changed due to the conversion of a total of 7,640 Series A shares to a total of 7,640 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at...
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