Assar Gabrielsson was appointed the managing director and Gustav Larson as the technical manager. Cars are driven by people.
Pacing in front of a Volvo S60 built there, he ended his comments by saying, "I will officially declare the Ridgeville plant open for business. The company owned a plant in Halifax, Canadafrom tobut that was a final assembly plant, building just 8, units per year, mostly for Canada.
There are parallel rationales for that earlier facility and the one in South Carolina. The carmaker built the Canada plant to escape U. Unlike the manufacturing plants in Sweden, Belgium and China, the Ridgeville plant is the only one with an alligator or two on the premises, and a sign cautioning against feeding them.
Welcome to the South. Engines and gearboxes come from Sweden, but about 50 percent of the value of the S60 comes from local suppliers. Roughly 60, sedans will leave the plant annually, about half for domestic consumption, half for export.
The cost of competing, growing and messaging It's arguable that the psychological impact of the factory means more than the physical buildings.
The investment gives Volvo more production capacity than it currently needs, "enough to be able to deliver the cars we plan to sell here in five years' time," according to Samuelsson. When we asked how many cars that was, he responded, "[We] are building around K cars, and if we continue growing like we have been growing in the last five years, we could very well need a doubling of that volume.
To double volume in five years means 15 percent growth every year for the next five years. A massive target, but Kerssemakers said U. Global sales rose Volvo knows it needs heavy dealer buy-in for that goal.
Several execs explained that the primary benefit of the factory isn't about touting locally made products; Volvo buyers, and premium import buyers in general, aren't concerned about that.
What matters is proximity to the new home market. Samuelsson said, "To be able to build the right cars for the U. You have to be here On top of having made the S60 decision four years ago, Samuelsson said, "You build it where you have the highest volume, and it's a more popular body style [here] than in Europe.
Through the end of April, European S60 sales outstripped U. Tariffs are top of mind Headlines stole the day, rumblings of tariffs and trade wars breaking into the open from the first speech.
Nikki Haley sat in the front row of the audience; as governor, Haley negotiated with Volvo to secure the factory for the state.
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Samuelsson's single line, "This is an investment into an open, fair-trade system," turned into a policy-persuasive speech when the Swedish ambassador to the United States, Karin Olofsdotter, took the stage. Olofsdotter's remarks detoured tosurveying the history of Swedish-U.
After noting that Sweden has just 10 million people but is the 15th largest national investor in the U. Then you argue that would, of course, be bad for the whole economynot just our business. That's why we should have open trade with zero duties. I think everybody has a responsibility to sit down and try to find a good agreement that is beneficial for all of us, for Volvo and for our consumers most importantly.
Polestar vehicles The Polestar cars we loved from first test in are now Polestar Engineered Volvos. Polestar is now "an electric car brand Only Care by Volvo subscribers will be able to get into the S60 T8 with Polestar parts, and Ingenlath said he only expected Volvo to produce in the first year.
When we asked why people can't buy it, he answered that it "could be" a U.accident free 2 1 owner cars and 20 personal use cars look nice running good 4 door good heater 7 73 - Business Plan Template For Hair Salon 01 volvo s60 owners - Business .
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