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Volvo Cars to invest $1.1 billion in Swedish manufacturing plant over coming years -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The Volvo logo is displayed on the grille of a Volvo XC40 SUV at a Volvo dealership in Mexico City. This was April 6, 2018, 2018. REUTERS/Gustavo Graf

STOCKHOLM (Reuters] – Volvo Cars announced on Tuesday that it will spend 10 billion Swedish crowns ($1.1billion), in its Gothenburg manufacturing plant, over the next few years.

Volvo Cars plans to invest SEK 10 Billion in the Torslanda plant, Sweden’s manufacturing facility in the coming years in order to produce the next generation fully-electric cars.

($1 = 9.1419 Swedish Crowns

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