Super Street Network

Due to the EU’s Global Data Protection Regulation, our website is currently unavailable to visitors from most European countries. We apologize for this inconvenience and encourage you to visit www.motortrend.com for the latest on new cars, car reviews and news, concept cars and auto show coverage, awards and much more.MOTORTREND.COM
 |   |   |  $500 Million for First US Volvo Plant
Subscribe to the Free
Newsletter

$500 Million for First US Volvo Plant

Location not yet decided

Karla Sanchez
Mar 31, 2015

After years of striving to become a true global brand, Volvo has announced that it has invested $500 million into what will become the company’s first-ever U.S. plant.

Although the automaker doesn’t know exactly where the plant will be located yet, that hasn’t stopped the excitement over the new opportunity. “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, Volvo's Chief Executive and President, in a press release. The new plant not only underscores how important the U.S. market is to Volvo, but it also puts the company in a more appropriate position to meet and ultimately exceed its sales target of 100,000 cars a year in the U.S. The all-new 2016 XC90 should help in reaching that goal as well, considering the First Edition sold out of the 1927 individually numbered units within the first 47 hours it was on sale.

2019 Volvo XC90
$104,900 Base Model (MSRP) MPG Fuel Economy
2016 Volvo XC90 T6 rear three quarter in motion Photo 2/4   |   2016 Volvo XC90 T6 Rear Three Quarter In Motion

The addition of the U.S. plant means Volvo will have factories in all three of its key continents, with the others being Europe and China. The Chinese plants are relatively new, with locations in Chengdu, Daqing, and Zhangjiakou, and just late last year, the automaker added 1300 workers at its Torslanda factory (pictured at right) in Sweden to prepare for the new XC90. Volvo says the new factory will also accelerate the introduction of a build-to-order system.

Volvo currently has a short list of potential locations for the new U.S. plant, but we won’t find out where the new factory will set up shop until a later date, when we’re also sure to find out how big the facility will be and how many jobs it will create.

Source: Volvo

Volvo torslanda plant v60 body painted Photo 3/4   |   2015 Volvo XC90 Torslanda Plant Expansion
2016 Volvo XC90 T8 front view in motion 02 Photo 4/4   |   2016 Volvo XC90 T8 Front View In Motion 02
By Karla Sanchez
29 Articles

BROWSE CARS BY MARKET

MORE FEATURES

Buyer at Barrett-Jackson Scottsdale auction nabs Supra VIN 20201 - signed by Toyota CEO Akio Toyoda - for $2.1 million, the entire bid benefiting the American Heart Association and the Bob Woodruff Foundation
Rory JurneckaJan 21, 2019
You've just purchased the new NSX but you have too much money left over and you need to spend it on something (we've all been there, right...). That's where AIMGAIN comes in.
RodrezJan 18, 2019
Preview the March 2019 issue of Super Street, with the GReddy x Pandem FC RX-7; a DSM 600HP Talon TSI; an AWD DC2; Shutter Space photo contest roundup; and more!
Bob HernandezJan 18, 2019
In Japan, Toyota is offering a 2.0-liter inline four-cylinder in two different states of tune on the Supra
Kelly PleskotJan 18, 2019
The Lego McLaren Senna kit has 219 pieces and, yes, incorporates the transparent in-door panels of the actual hypercar
Conner GoldenJan 18, 2019
Sponsored Links

SEARCH ARTICLES BY MAKE/MODEL

Search
CLOSE X
BUYER'S GUIDE
SEE THE ALL NEW
NEWS, REVIEWS & SPECS
TO TOP