Volvo announced $1.2 billion in new investments in the North American market at a press conference at ConExpo 2026 in Las Vegas. The announcement was part of the company’s “Power Your Ambitions” focus at the trade show, saying that expanding its footprint in the region is intended to sustain the company’s vast dealership network with better and faster services and support.
“North America is one of the largest, most important truck markets in the world,” said Peter Voorhoeve, president of Volvo Trucks in North America. “If you want to play, you have to put your money where your mouth is.”
Specifically, Volvo has built, is building or is planning to build new facilities across the region to better support customers and dealers. This includes a $400 million factory in North Carolina, a $40 million factory in New England, and a $37 million 115,000 square foot regional parts-distribution plant in Tacoma, Washington, that will serve the U.S. Northwest and Western Canada.
Volvo is also building a $700 million factory in Mexico to help augment operations in the U.S. by offsetting fluctuations in the market. Voorhoeve was quick to point out that the Mexico factory isn’t replacing ‘Made in America’ pledges but rather boosting the company’s U.S. operations by being able to ramp up production when necessary.
