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Volvo adding up to 140 jobs in Hagerstown, Md.

Friday - 10/18/2013, 11:40am  ET

HAGERSTOWN, Md. (AP) -- Sweden's Volvo Group says it's adding up to 140 jobs in Hagerstown in a $30 million expansion of a plant that makes truck engines and transmissions.

The company announced the investment Friday in a joint statement with Maryland Gov. Martin O'Malley and the Washington County Board of Commissioners.

They say the plant will retain 1,340 full-time jobs and add as many as 140.

The company will receive a $4 million conditional loan from the state and a $200,000 conditional loan from the county.

Volvo, based in Gothenburg, Sweden, acquired the plant in 2001. It makes diesel engines and transmissions for Volvo and Mack trucks.

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