Volvo Ponders North American Production Facility

Volvo Car Corp., the Swedish automaker owned by China's Zhejiang Geely Holding Group Co., may build a plant in North America, Chief Executive Officer Stefan Jacoby said.

“One weakness of Volvo cars is the exposure to the U.S. dollar, so we are investigating increasing our sourcing in North America” to balance currency movements, Jacoby told reporters today at the International Motor Show in Frankfurt. ”The utmost solution would be to have a North American industrial footprint. We haven't made up our mind.”



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Airliner - 9/14/2011 4:26:55 AM

+1 Boost

BSBB, could you do us a favor and leave your political comments out of AutoSpies? I'm sure there are plenty of Political Blogs where you can make your statement and get a rise out of people.