Volvo Cars to build new factory in US, investment of around US$ 500-million

Volvo Cars announced that it is to build a brand new manufacturing facility in the US, fulfilling its ambition to be a truly global car maker, investing around 500-million dollars in a new plant and underscoring its long term commitment to the US market.

The company has drawn
up a short list of potential locations and full details of the location of the new factory and the size of the investment will be announced at a later date.

"Volvo Cars cannot claim to be a true global car maker without an industrial presence in the US. Today, we became that," said Håkan Samuelsson, Chief Executive & President. "The US is an absolutely crucial part of our global transformation and today's announcement makes it perfectly clear that Volvo is in the US to stay."

Posted in: Assembly/Manufacturing Plant,Hakan Samuelsson,Investment,North America,United States,Volvo,Volvo Cars