Swedish car manufacturer Volvo will expand its engine-making capacity in the US, according to its President and Chief Executive Officer, Leif Johannson.
This follows the Group`s April announcement that it would buy the truck division of Renault SA, for $1.83 billion in stock and assumed debt, that includes Mack Trucks.
Go deeper with GlobalData
The sale, the agreements of which are currently with the US Department of Justice, should be completed in two to nine months, said Johansson.
