Mexican Media Brands
Volvo Cuts Car Shipments Between China and U.S.
Volvo Car Corp. says the U.S.-China trade war has prompted it to cancel plans to ship S60 sedans to China from its new U.S. factory in South Carolina.
#economics
Share
Volvo Car Corp. says the U.S.-China trade war has prompted it to cancel plans to ship S60 sedans to China from its new U.S. factory in South Carolina.
Volvo also will stop sending XC60 crossover vehicles from China to the U.S. and sharply reduce shipments of S90 large sedans from China to the American market.
Anders Gustafsson, who heads Volvo’s U.S. operations, tells reporters at a Automotive Press Assn. lunch in Detroit that the company’s entire U.S. output of X60 cars will now be marketed locally.
The moves will enable Volvo to avoid U.S. tariffs of 25% on cars from China and a Chinese tax of 40% on cars from the U.S. Says Gustafsson, “We know what we need to do.”
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Fuel Economy Gains in July
What you’re looking at here is a sales-weighted fuel economy chart (the numbers in the white boxes represent miles per gallon) that was put together by two diligent researchers, Michael Sivak and Brandon Schoettle, of the University of Michigan Transportation Research Institute.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.