Martin Lundstedt, the CEO of Volvo AB Unsponsored ADR Class B, stated that despite the threats from elected President Trump in the USA to impose tariffs on Autos and Other Commodity imports, the group is still proceeding as planned with the investment of 0.7 billion USD in building a heavy-duty truck factory in Monterrey, Mexico. Volvo expects this factory to begin Operation in 2026, delivering Autos to the USA, Mexico, Canada, and other countries in the Americas. Currently, Volvo's factory in the USA is responsible for producing all the trucks sold in the USA, and the company has been investing in Virginia, Maryland, and Pennsylvania to expand the factory's capacity.
尽管面临美国关税威胁 沃尔沃坚持推进墨西哥卡车工厂计划
Despite facing tariff threats from the USA, Volvo AB Unsponsored ADR Class B remains committed to advancing its truck factory plan in Mexico.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Investment Course
Choose stocks based on financial reports
Quickly master financial season learning guidelines
When the financial season comes, company stock prices are the most likely to rise and fall, and many excellent investors will see the financial season as a good
How to view Tesla's performance in January 2025? Pay attention to these four key points.
It's earnings season for US stocks again. The performance of giant companies not only affects their own stock prices but also influences the overall trend of th
In 【2024.11】, surged more than 0.04 million times, achieving the title of stock god Buffett! How do you view Berkshire's performance?
When it comes to legendary figures in the investment world, the name of Warren Buffett, the helm of Berkshire Hathaway, is definitely unavoidable. $Berkshire Ha