Cars
At a press conference held earlier today in Beijing, Chinese-owned Volvo Cars announced plans to build a new plant in the city of Chengdu and continuing investigations for a second factory in Daqing, in north-eastern China. Volvo said that the deal is still pending approval from the Chinese government.
- China Grants Volvo Full Rights To Build Cars Locally
If you want to build cars – or anything else, for that matter, in China, there are two basic requirements: a) you need a joint venture with a local partner and b) receive approval from the Chinese government. Volvo is already owned by a Chinese...
- Volvo Cars Celebrates 85th Birthday With The Same Car In The Same Place
On April 14, 1927, at 10 am, Volvo sales manager Hilmer Johansson was photographed while he was driving the Swedish company's first mass-produced automobile, the ÖV4, through the factory gates in Lundby in Göteborg. To celebrate the 85th...
- Volvo To Shut Down Plant That Builds C70 Convertible In 2013
Volvo's automotive division has announced that it will close its Uddevalla plant in Sweden in 2013 once it takes sole ownership of the factory. “The low volumes in the Uddevalla plant do not justify continued productionâ€, said Volvo CEO,...
- Volkswagen Group To Build New Factory In Foshan, China
The Volkswagen Group announced on Wednesday plans to expand its production capacities in China with the construction of a new automotive plant in at Foshan, in the Southern Chinese region of Guangdong. The new production facility will have the capacity...
- New Volvo S80l With Long-wheelbase Introduced In China
European automakers are doing their best to fulfill the 'procrustean fantasies' of Chinese buyers who seem to find the executive-feeling of a long-wheelbase sedan completely irresistible. Following Audi and its LWB A4 sedan, Volvo presented the...
Cars
Volvo to Build New Car Plant in China, Aims to Sell 200,000 Vehicles in the Chinese Market by 2015
At a press conference held earlier today in Beijing, Chinese-owned Volvo Cars announced plans to build a new plant in the city of Chengdu and continuing investigations for a second factory in Daqing, in north-eastern China. Volvo said that the deal is still pending approval from the Chinese government.
"We regard the Chinese market as the second home market for Volvo Car Corporation and a very important part of the plan to build a successful future for the company," said Stefan Jacoby, President and CEO of Volvo Car Corporation.
The Chengdu assembly plant will only build Volvo cars and have an initial output of around 100,000 cars annually, with production estimated to start during 2013. Volvo said that the decision to expand in China will not affect operations and employment in Europe.
Read more »- China Grants Volvo Full Rights To Build Cars Locally
If you want to build cars – or anything else, for that matter, in China, there are two basic requirements: a) you need a joint venture with a local partner and b) receive approval from the Chinese government. Volvo is already owned by a Chinese...
- Volvo Cars Celebrates 85th Birthday With The Same Car In The Same Place
On April 14, 1927, at 10 am, Volvo sales manager Hilmer Johansson was photographed while he was driving the Swedish company's first mass-produced automobile, the ÖV4, through the factory gates in Lundby in Göteborg. To celebrate the 85th...
- Volvo To Shut Down Plant That Builds C70 Convertible In 2013
Volvo's automotive division has announced that it will close its Uddevalla plant in Sweden in 2013 once it takes sole ownership of the factory. “The low volumes in the Uddevalla plant do not justify continued productionâ€, said Volvo CEO,...
- Volkswagen Group To Build New Factory In Foshan, China
The Volkswagen Group announced on Wednesday plans to expand its production capacities in China with the construction of a new automotive plant in at Foshan, in the Southern Chinese region of Guangdong. The new production facility will have the capacity...
- New Volvo S80l With Long-wheelbase Introduced In China
European automakers are doing their best to fulfill the 'procrustean fantasies' of Chinese buyers who seem to find the executive-feeling of a long-wheelbase sedan completely irresistible. Following Audi and its LWB A4 sedan, Volvo presented the...