Volvo Cars to receive financial support for its Ghent plant
Volvo Cars signed a memorandum of understanding with Belgium's federal and Flanders regional governments to secure up to €119 million ($136 million) for its Ghent plant. This investment aims to enhance the plant's long-term competitiveness and could enable contract manufacturing for other automakers. The funding will support strategic investments to develop Ghent as a key manufacturing site for Volvo and potentially other brands.