Swedish auto maker Volvo said it will invest $150 million in Mexico to buy the country's second-biggest bus maker and start assembling cars there.
Volvo, the world's second-largest maker of buses, will spend $70 million to buy Mexicana de Autobuses, (known as MASA), which makes buses near Mexico City, a move that would give it access to the North American Free Trade Agreement region. The remaining $80 million would be spent over the next two years.
