Volvo Cars today says it has sold its component plant in Floby, Sweden, to Amtek Group, a global manufacturer of automotive parts.
The Floby plant produces brake discs, wheel hubs and connecting rods for passenger cars and commercial vehicles.
Located in Western Sweden, the site is a supplier to the automotive industry with around 70% of its output sold to external customers, outside Volvo Cars.
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The plant employs 441 people, all of whom will retain their positions under the new ownership.
