Volvo Group North America Subsidiary Mack Trucks Announces 400 New Jobs at Its Lehigh Valley Manufacturing Plant
The new positions bring total employees at the Lower Macungie Township assembly plant in Pennsylvania to more than 2,500.
Foreign direct investment in the United States totaled $68.7 billion in the fourth-quarter of 2019. While that is more than double the FDIUS flows of $32 billion in the previous quarter, it was not a particularly strong quarter relative to the past few years. Net equity flows increased more than threefold to $48 billion in fourth-quarter 2019, compared to inward investment from the third quarter.
Foreign direct investment in the United States amounted to $261 billion in 2019, making it the fifth-strongest year for FDIUS over the past decade. However, it was dwarfed by two record-breaking years of FDIUS recorded in 2015 and 2016, at $482 billion and $486 billion, respectively. While the United States remains an attractive investment location, global competition for foreign investment dollars is increasing as developing countries position themselves as investment destinations.