BREAKING NEWS

BREAKING NEWS

Volvo Cars delays plans to build Lynk & Co vehicles in Belgium

Now Reading :

Volvo Cars delays plans to build Lynk & Co vehicles in Belgium

Volvo Cars delays plans to build Lynk & Co vehicles in Belgium
@ Copyright :
Joe White(Reuters)
Text size Aa Aa

STOCKHOLM (Reuters) - Volvo Cars has decided to delay its original plan to start building Lynk & Co vehicles at its plant in Belgium at the end of 2019 due to increased macro-economic uncertainty, a spokesman for the carmaker said on Friday.

The Lynk & Co brand is co-owned by Volvo Cars' owner, China's Zhejiang Geely Holding Group Co Ltd [GEELY.UL] and its two carmakers Volvo and Geely Auto. It began sales in China last year, with Europe set to follow in 2019, and the United States in 2020.

The spokesman said the decision would neither impact employment in Ghent, nor Lynk & Co's plans to begin selling in Europe.

(Reporting by Esha Vaish, editing by Anna Ringstrom)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.