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Volvo Cars Doubles U.S. Plant Investment to $1 Billion

Sep 19, 2017 - 9:20 PM - by Volvo V90 News

Volvo Cars is so eager for growth, it's planning to expand its first U.S. factory -- and it hasn't even finished building it yet.

The Chinese-owned Swedish automaker is set to double the investment in its assembly plant near Charleston, South Carolina, to a total of $1 billion, said a person familiar with the plans. The added spending will support an additional 1,900 jobs in addition to the 2,000 originally... [Read More]
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Volvo ditching gasoline engines for electric, hybrid cars after 2019

Jul 05, 2017 - 3:04 PM - by Volvo V90 News

Volvo is leaving conventional gasoline vehicles on the side of the road.

The Sweden-based brand, owned by Chinese automaker Geely, said Wednesday that any new or redesigned vehicles it launches after 2019 will be electric or hybrid vehicles.

The company will no longer design any new models with conventional internal combustion engines after that date.

Although the announcement marks what... [Read More]
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