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Report: Volvo Doubling U.S. Plant Expansion

Report: Volvo Doubling U.S. Plant Expansion

New reporting suggests Volvo is doubling the size of its planned U.S. assembly plant before construction is even finished. The company is adding a second assembly line to the plan as part of an additional $1 billion investment, suggesting the company is bullish about its prospects for sales growth in North America.

Citing unnamed sources familiar with Volvo’s plans, local media first reported the planned expansion of the company’s new Charleston, South Carolina assembly plant. Along with the second assembly line, the report claims Volvo will add an additional 2,500 employees on top of the planned 2,000 the company is already recruiting.

The new assembly plant is slated to open sometime in 2018. Planning to expand the plant before it even opens is a bold move on the part of Volvo owner Geely, but a strong signal the company is expecting its four-year sales increase streak to continue gaining for some time to come.

Thus far Volvo has declined to confirm the reports.

In recent years Volvo has seen sales growth globally thanks to new products, such as the XC90 and S90. The company is in the process of launching the new XC60 crossover and will be announcing a new XC40 shortly.

The company has also confirmed plans to offer an electrified variant of every vehicle in its lineup. By 2019 the company will no longer launch any products without an electrified variant.





 

About Nick Saporito

AutoVerdict Senior Editor Nick Saporito began writing about cars at age 13. Nick ran a couple of automotive enthusiast sites for several years, before taking some time off to focus on his career and education. By day he's a marketing executive in the telecom world and by night he hangs out here at AV. You'll find him focusing on tech, design and the industry's future.
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  1. Andrew_L
    My sister and her husband live in Charleston, SC. I saw a water tower, on the way to their place earlier this year, from the highway that said Volvo on it. I think it's a smart move because Boeing recently opened up shop there and the cost of living so so low in SC so with those good jobs and low cost of living you could really make out well there.
    2b2
    probably the SECOND-Best time to decide that (after BEFORE construction)..

    ..."alright, guys, just do that all over again right next to it"

    nsaporito
    Bold strategy move, but probably justifiable. I love what Volvo is doing these days.
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