International Business
<i> Times Staff and Wire Reports</i>
Sweden’s Volvo Announces Major Expansion Plans: The auto maker said it will enter a $200-million joint venture with a British sports car maker to develop an exclusive new model, in an attempt to revamp its image as a maker of stodgy cars. The venture with TWR--which has worked on projects with Jaguar and helped develop the Aston Martin DB7, the car driven by James Bond--is part of a new program of investments totaling $653 million. As part of the investment program, Volvo will produce the new models at its Uddevalla plant in Sweden.
