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Volvo Group announces $41 million expansion to create new finance base

By Nagasunder in Business News, posted February 23, 2022

The Volvo Group has announced a major expansion in North Carolina to create a new global headquarters.

The Waste Advantage Magazine reports the automotive giant is to make a $41 million investment into the Piedmont Triad to buy and expand the US Uptime Center.

The expansion will see 360 staff brought on to the campus and the site becoming the global headquarters for for Volvo Financial Services.

During a groundbreaking ceremony, Martin Weissburg, Volvo Group North America (VGNA), said: “The Uptime Center is a strategic site for Volvo Group North America, playing a critical role in keeping our customers and their vehicles on the road, delivering goods, transporting people and servicing communities throughout the year.

“Our purchase and expansion of this facility reinforces our commitment to the great communities and residents of the Piedmont Triad, and we look forward to welcoming Volvo Financial Services to our campus.”

Marcio Pedroso, Volvo Financial Services (VFS) president, added: “Moving Volvo Financial Services allows all Volvo Group entities in the Piedmont to be located on one campus.

“Co-location will enable deeper relationships with our colleagues, and the work environment we’ll create in our new headquarters will help us retain highly skilled, world-class jobs that support the local economy.”

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