Monday, May 11, 2015

Volvo Cars To Have U.S.-Made Vehicles In 2018

Volvo Cars has chosen Berkeley County, outside of Charleston, South Carolina as the location of its first American factory, investing up to $500 Million in a facility with a capacity to initially produce up to 100,000 cars per year. Volvo Cars estimates that the factory will employ up to 2,000 people over the next decade and up to 4,000 people in the longer term. Construction will begin in early autumn 2015, with the first vehicles expected to roll off the assembly line in 2018, adding to the existing two plants in Europe and two in China. Volvo began importing cars to the US in 1955. From 1963 to 1998 Volvo assembled vehicles in Halifax, Nova Scotia, Canada, so the South Carolina plant production beginning in 2018 marks Volvo's North American manufacturing return after a 20 year absence.