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Volvo to Invest More Than US$242 Million in Volvo Powertrain
15 June 2007
Volvo’s Board of Directors has decided to invest slightly more than 1.7 billion kroner (US$242 million) in Volvo Powertrain to meet growing demand in Eastern Europe and Asia.
The investment will result in manufacturing capacity for heavy diesel engines increasing by 20% and capacity for heavy gearboxes increasing by 50%.
June 15, 2007 in Brief | Permalink | Comments (0) | TrackBack (0)
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