RIO DE JANEIRO, BRAZIL - The Volvo group announced on Wednesday, February 5th, an additional investment of R$1 (US$230) billion in Brazil.
The amount will be applied between 2020 and 2023 and will focus on the development of trucks and buses, with emphasis on the adjustments to the Euro 6 environmental standard.
The company, which produces cargo vehicles in Curitiba, believes that the market will continue to grow despite the risks, and minimizes the impact of the coronavirus on the economy.
Wilson Limann, president of the Volvo group in Brazil, says attention is required, yet believes there are excesses . . .