30 Mar '15, 7am

#Volvo Cars to build new $500M factory in US

Volvo Cars to build new $500M factory in US 30 March 2015 Volvo Cars will build a manufacturing facility in the US, fulfilling its ambition to be a truly global car maker, investing around US$500 million in the plant and underscoring its long term commitment to the US market. The company has drawn up a shortlist of potential locations; full details of the location of the new factory and the size of the investment will be announced at a later date. The move will give Volvo an industrial footprint on three key continents. It has two factories in Europe, two in China and the future plant in the US, which will be part of the Americas region that was announced in January. These developments form part of Volvo’s transformation that has been ongoing since 2010. The transformation plan involves the creation of a global industrial footprint, the complete renewal of Volvo’s product ...

Full article: http://www.greencarcongress.com/2015/03/20150330-volvo.html

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