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Wednesday, 14 September 2011

North America can possess Volvo Cars plant

CEO Stefan Jacoby said that Volvo Car Corp. can build a plant in North America.

Jacoby addressing the reporters at the Frankfurt auto show said that, "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. The utmost solution would be to have a North American industrial footprint. We haven't made up our mind."

Volvo, manufacturers cars in Sweden and Belgium and is building a factory in China, also is likely to decide this year to build a second plant in China, in the city of Daqing, he said.Vcommindia News

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