LAS VEGAS: Sweden’s Volvo Group is proceeding with its planned US$700mil heavy-truck factory in Monterrey, Mexico, chief executive Martin Lundstedt says, even as President-elect Donald Trump threatens to impose US tariffs on imports of vehicles and other goods.
The maker of Volvo and Mack semi trucks has targeted growth in North America, which accounts for about 30% of company revenue, as a strategic priority and expects the plant to start operations in 2026.
