Volvo

Toyota, pressed to innovate, cuts marketing outlays to fuel r&d

Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, Reuters reported, citing people familiar with the matter.


Volvo extends global footprint with U.S. factory opening

Volvo is expanding its global manufacturing footprint with the inauguration of its first U.S. assembly plant, where it is investing about $1.1 billion to launch output this autumn of the redesigned S60 sedan for domestic and global markets.

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