Arab Today, arab today volvo cars to open first us plant in south carolina
Last Updated : GMT 17:56:33
Arab Today, arab today
Arab Today, arab today

Volvo Cars to open first US plant in South Carolina

Arab Today, arab today

Arab Today, arab today Volvo Cars to open first US plant in South Carolina

Volvo
Stockholm - AFP

Swedish automaker Volvo Cars' first plant in the United States will roll out its first car in 2018 and aims to produce 100,000 vehicles per year, it said on Monday.

Volvo, which was sold to China's Geely in 2010, said it had chosen South Carolina for the site of its $500-million (448-million-euro) factory.

The Swedish brand, which has been doing business in the US since 1955, announced in late March that it would open its first factory in the US in a bid to increase its market share, which was less than 0.4 percent in 2014.

The plant, to be built in Berkeley County close to Charleston, will employ up to 4,000 people in the long term, Volvo said.

"Once completed, Volvo will be able to manufacture cars on three continents, underscoring its position as a truly global car maker," it said.

"The new US plant forms part of an ambitious medium term expansion plan to double global sales, boost market share and lift profitability," it added.

Volvo currently has two plants in Europe -- in Gothenburg, Sweden, and Ghent, Belgium -- and two in China, in Chengdu and Chongqing. It also has two other smaller plants in China and Malaysia.

Volvo registered two years of losses before returning to profit in the second half of 2013.

In 2014, it beat its sales record in place since 2007, selling 466,000 cars.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today volvo cars to open first us plant in south carolina Arab Today, arab today volvo cars to open first us plant in south carolina

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Hamas leader accuses Israel

GMT 11:43 2017 Tuesday ,28 March

Hamas leader accuses Israel
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 13:21 2017 Tuesday ,28 March

Samsung plans to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday