Volvo Cars signs MoU with Belgian, Flemish governments for up to EUR 119 million Ghent plant support package

  • Volvo Cars signed a memorandum of understanding with Belgium’s federal government and the Flanders regional government to support investments aimed at strengthening the long-term competitiveness of its Ghent manufacturing plant.
  • The framework includes potential support measures of up to EUR 119 million, covering industrial, innovation, and ecological initiatives.
  • The package is intended to help secure long-term utilization of the site, with Volvo also flagging a possible option to assemble vehicles for other brands under contract to lift capacity use.
  • CEO Håkan Samuelsson said the measures would improve competitiveness and strengthen the plant’s future in Belgium.


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