OM:VOLCAR BAuto
Volvo Cars (OM:VOLCAR B) Secures €119 Million Backing And New Ghent Plant Options
Volvo Car AB (publ.) has signed a memorandum with the Belgian federal and regional governments to secure a support package of up to €119 million.
The agreement focuses on maintaining long term competitiveness and the future use of the company’s Ghent manufacturing plant.
The plan includes potential contract car assembly for other brands, opening new production opportunities at the Ghent facility.
For investors tracking OM:VOLCAR B, this move comes as the stock trades around SEK18.735, with...