Volvo Leading Pack Of Chinese Building Plants In US - How Many Will Follow?

With relatively little fanfare and amid the debate over a US-led trans-Pacific trade accord that would leave China on the sidelines, a Chinese company has announced a plan to build an auto plant in Berkeley County, South Carolina – the first ever instance of a major Chinese manufacturer creating jobs inside the United States.

One reason the $500 million investment in a rural area of a region with relatively high unemployment rates may have gone unnoticed is brand confusion: The cars to be built at the new plant will be Volvos, the quintessential symbol of Swedish industrial prowess – and American yuppiedom.

Volvo, like many other great industrial giants, fell on hard times during the 2009 global financial implosion and after a flirtation with insolvency was purchased at a huge discount by Zhejiang Geely Holdings of China, a private industrial conglomerate based in the gritty industrial city of Taizhao.

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MDarringer - 7/6/2015 4:07:39 PM

-2 Boost

And who is going to buy these Volvos? Volvo sales aren't exactly anything to be happy about. Their sales are SLOW. At a tad over 60K units for MY2014, they don't need a new manufacturing plant.

Maybe they could build Geelys there.

MDarringer - 7/7/2015 7:34:53 PM

0 Boost

The XC90 configurator is fun. I got it up to $86K and there is no way in hell the XC90 is worth more than half that amount.