If you were worried that Volvo aren’t committed enough to the U.S market, then perhaps a $500 million investment will go a long way in convincing you.
The $500 million will go of course into building a brand new manufacturing facility, however they haven’t disclosed a location yet – even though the company has already drawn up a list of potential spots.
With this move, Volvo now truly becomes a global car manufacturer with an industrial footprint on all three key continents. They also have two factories in Europe and two in China.
Over the next 4 years, Volvo is also planning to renew their entire product range, based on modular vehicle technology, world class safety technologies, a new design language as well as a range of what they call “class-leading” connectivity services. This last part remains to be seen.
Volvo Boss Hakan Samuelsson went on the record saying that “Volvo Cars cannot claim to be a true global car maker without an industrial presence in the US.” While true, we are looking forward to them revealing their new product range, more than we are looking forward to what gets manufactured and where.
The U.S plant will obviously create new jobs, which is a huge deal right now in the U.S, especially with this current administration and the success they’ve had turning their economy around.