Volvo Cars will invest $520 million to double production capacity at its Ghent, Belgium, plant from 160,000 to 325,000 annually by 2005 and production at its Torslanda plant in Gothenburg, Sweden, from 150,000 to 230,000 units. Once the new capacity comes on line, Volvo will employ 1,800 more staff at Ghent, where it will build the S/V40. The sedan and wagon currently are built at a factory Volvo shares with Mitsubishi Motors Corp. in the Netherlands, but Volvo needed a suitable ...
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