The Volvo Group has chosen Monterrey, Mexico, as the site for a new heavy-duty truck manufacturing plant, with an investment of approximately $700 million and operations expected to commence in 2026. This facility will support both Volvo Trucks and Mack Trucks, enhancing production capacity for North America and Latin America, particularly for sales in the U.S., Canada, and Mexico. Monterrey's logistical advantages, including its proximity to the U.S. border and robust infrastructure, make it an optimal location for the company. Additionally, Volvo plans to acquire a North Carolina production plant from Commercial Vehicle Group for around $40 million to further bolster its supply chain. This investment aligns with Volvo's strategic focus on growth in North America, as stated in multiple sources. The new plant will feature a full assembly facility, including cab production and painting operations.