Mexican Media Brands
Volvo Near Decision on Location for U.S. Assembly Plant
Volvo Car Group will build its first American auto plant in South Carolina or another unidentified southern state, sources tell Reuters.
Share
Volvo Car Group will build its first American auto plant in South Carolina or another unidentified southern state, sources tell Reuters.
Volvo tells the news service it expects to chose a location for the $500 million facility in the next few weeks.
Reuters notes that South Carolina's economic development agency has filed a permit application on behalf of an unnamed company to erect a manufacturing plant in Berkeley Country that would initially employ 2,000 people.
Volvo said earlier its American factory will have annual capacity to make 120,000 vehicles, some of which will be exported. The company's sales in the U.S. peaked at about 140,000 units in 2004. It hopes to reach annual volume of 100,000 vehicles before the end of the decade.
Last year U.S. demand for Volvos fell 8% to 56,400 units. Deliveries through the first quarter of 2015 were virtually flat, according to Autodata Corp.
RELATED CONTENT
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
