Volvo to Build First Factory in US - East Idaho News
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Volvo to Build First Factory in US

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033015 VolvoGrill?  SQUARESPACE CACHEVERSION=1427740326114Volvo Car Group(NEW YORK) — Volvo will soon be making cars in the U.S.

The Swedish automaker announced on Monday that it will be building its first manufacturing facility in the states, adding to the company’s two factories in Europe and two in China.

“Volvo Cars cannot claim to be a true global car maker without an industrial presence in the U.S. Today, we became that,” said Volvo President and CEO Håkan Samuelsson in a statement. “The U.S. is an absolutely crucial part of our global transformation and today’s announcement makes it perfectly clear that Volvo is in the U.S. to stay.”

The carmaker will invest approximately $500 million in the new assembly plant.

Volvo said it has drawn up a short list of potential locations for the U.S. factory and will announce more details at a later date.


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