China and the United States could be the next places Volvo builds vehicles, the company’s president suggested today at the Los Angeles Auto Show.
Currency fluctuation is an issue affecting plenty of automakers besides Volvo. Due to the strength and potential of the Chinese automotive market, however, introducing Volvo production in China is a greater priority. Volvo President and CEO of Volvo, said details regarding this plan will be released in the next couple weeks.
With Volvo’s two SUVs — the XC60 and XC90 — the automaker’s top sellers, bringing SUV production to the U.S. might not be a bad idea. By 2020, Jacoby said Volvo selling 800,000 units is possible. This year, Volvo will sell just under 400,000 units, according to the Free Press.
With new products like the S60 sedan, do you think Volvo could sell 800,000 units by 2020?
Source: Detroit Free Press