Although there are some who think that there is going to be a slowdown in the overall auto industry, arguably that’s not shared by the folks at Volvo Group. Today they announced that over the next six years they’ll be investing approximately $400-million in the Volvo Trucks plant in New River Valley, Virginia, which the company refers to simply as “NRV.”
Volvo Trucks NRV
(Images: Volvo Trucks)
Listen to Peter Voorhoeve, president of Volvo Trucks North America: “The outstanding product line currently produced at NRV”—and it should be pointed out that at NRV, which is the largest Volvo truck manufacturing facility in the world, they’re producing all of the Volvo trucks sold in North America, including the VNM, VNL, VNX, VHD, and VAH—“has strongly positioned Volvo Trucks for the future.
“This investment is another sign of our confidence in that future, and will help us prepare for even more exciting product—powered by both diesel and electric drivetrains—in the coming years.”
Part of the investment program will result in the construction of a 350,000-sq. ft. building for welding truck cabs. They are also upgrading the paint operations and material handling. Also several state-of-the-art dynamometers will be installed.
Seems like Volvo Trucks sees a robust future.
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