Volvo to boost Mexico plant investment to $1 billion, minister says

MEXICO CITY, April 3 (Reuters) - Sweden's AB Volvo (VOLVb.ST), opens new tab will increase its investment in the truck factory it is building in the northern Mexican state of Nuevo Leon to $1 billion, Mexico's Economy Minister Marcelo Ebrard said on Thursday.
Volvo announced in August that it had chosen a site on the outskirts of the industrial hub Monterrey in northern Mexico as the site for its new North American heavy-duty truck factory, putting construction costs at the time at $700 million.