SAAB-Scania expansion
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• SAAB-Scania of Sweden announces an extensive investment programme in its car and commercial vehicle activities during the next 'ew years, costing about 300m Swedish '.3rowns t£25m). Speaking on the proposed 3xpansion, the president of SAAB-Scania. r. Mileikowsky, said that the steadily growing demand for all Group products both in Sweden 3s well as on the export markets has made a :onsiderable expansion necessary.
A final decision as to how the full amount of noney will be distributed has not been made )ut it is definite that 20m Crowns £1,750,000) will go on doubling production acilities at the factory in Lulea and building new factory near Kramfors, both in northern iweden.
With regard to Scania-Vabis, discussions lave been held to extend considerably the :apacity in various sectors as a result of growng demands for trucks and buses which have )een experienced since the latest models were ntroduced.