Currently reading: Volvo mulls offering Belgian factory capacity to other firms

Spare capacity at XC40 and EX30 plant in Ghent could be offered to other Geely-group brands

Volvo is considering opening up capacity in Ghent, Belgium, to other manufacturers in a push to secure the factory's future.

The Swedish company has signed a memorandum of understanding with the Belgian government to explore plans to improve Ghent’s competitiveness, including a support package that could be worth up to €119 million (£101m).