Visitors surround a Volvo FH16 truck at the booth of Swedish truck maker Volvo at the IAA truck show in Hanover on Sept. 22, 2016. Fabian Bimmer/Reuters File Photo
SAO PAULO—Volvo’s Brazilian unit announced on Wednesday that it will invest 1.5 billion reais ($283.36 million) in the country by 2025, after reporting record truck sales last year.
The figure will be directed mainly to research and development of products and services, said the Swedish company.
