Volvo expanding production capacity for the XC60 crossover due to US demand

Volvo Cars CEO Stefan Jacoby said the carmaker will increase production capacity for the XC60 crossover as Volvo anticipates that U.S. demand will spur growth. Jacoby, who plans to more than double sales to 800,000 vehicles in 10 years, said the company expects "to grow significantly" in the United States and globally. A unit of Zhejiang Geely Holdings Group Co., Volvo boosted sales 11 percent to 373,525 cars in 2010 and expects the S60 sedan
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wins555 - 1/19/2011 12:11:23 AM

+1 Boost

Good for Volvo.