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Volvo Cars Commits to the the Future of Its Ghent Factory

Summary by newmobility.news
Volvo Cars commits to the future of its Ghent factory, the Swedish car manufacturer's headquarters announced on Wednesday. The company has reached an agreement

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Volvo Cars has signed a letter of intent with Belgian authorities regarding support measures of up to EUR 119 million for the Ghent factory.

·Gothenburg, Sweden
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This program aims to support industrial, innovative and ecological investments within Volvo Car Ghent. ...

·Brussels, Belgium
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Volvo is committed to making investments in its factory in Ghent. To this end, the company has signed a letter of intent with the Flemish and federal governments. The deal is said to include a package of support measures of up to 119 million euros.

·Brussels, Belgium
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In order to secure the future of the Ghent site, the Belgian and Flemish authorities have therefore put in place an important support plan. Beyond maintaining Volvo's business, this agreement also opens the way for the assembly of models from other brands. Good news for the workers As you may know, Belgium has seen its car factories close one after the other. First Renault Vilvorde, then Opel Antwerp, Ford Genk and, most recently, Audi Brussels …

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Dagens industri broke the news on Wednesday, July 15, 2026.
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