Volvo Expects To Export Half Of Its Future US Production
Mohammad Ali (@ChaudhryMAli88) Published January 09, 2017 | 10:25 AM
DETROIT, Jan 9 (APP - UrduPoint / Pakistan Point News - 09th Jan, 2017 ) : Swedish automaker Volvo said Sunday that it expects to export half of the cars produced at a future plant in the United States.
The first plant in North America by Volvo, a company owned company by a Chinese automotive group, will begin producing the next generation of S60 mid-size sedans in 2018, according to Volvo CEO Hakan Samuelsson.
Samuelsson, speaking to reporters in America's car capital Detroit on the eve of the industry opening of the International Auto Show, stressed that the plant would have international ambition. "This is not a factory for local production," Samuelsson said.
"It will of course produce for the US, but around a half of the production will be exported.
" This despite the fact that Volvo already has plants in China and Sweden. Samuelsson said that the decision on the plant's scope was made in 2014, long before US car manufacturing and the repatriation of jobs from Mexico became a hot political topic pushed by President-elect Donald Trump.
The CEO said it made sense to build the plant, which will have the capacity of producing 100,000 cars a year, in the United States. "You sit down and calculate all your financials, people cost per hour, transport cost, we looked into of, course Mexico, we looked into the US, somewhere in the South. At the end, there was no big difference financially," he said.
Related Topics
Recent Stories
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
Putin says plans to visit China in May
More Stories From World
-
Bagnaia and Spanish rivals chase victory at Jerez
39 minutes ago -
Russian, Ukrainian strikes kill at least 10 in frontline regions
49 minutes ago -
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
1 hour ago -
Tourism must change, mayor says as Venice launches entry fee
1 hour ago -
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leave after 20 years of ..
2 hours ago -
Putin says plans to visit China in May
2 hours ago
-
US reinstates open internet rules rescinded under Trump
2 hours ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
2 hours ago -
Portugal marks 50 years of democracy with far right on the rise
2 hours ago -
Oman, UAE deluge 'most likely' linked to climate change: scientists
3 hours ago -
BHP launches $38.8 billion takeover bid for rival Anglo American
3 hours ago -
Saudi oil giant Aramco agrees major FIFA sponsorship deal
3 hours ago