Volvo Wants to Establish Manufacturing in America

Volvo is going to establish a producing presence in America, nevertheless it requires approximately a $500 million investment.

The exact place for the producer’s new factory and the precise size of the company’s investment were not announced today. Though, the automaker mentioned that it has identified probable places.

The company’s CEO stated today that the United States is more than just a significant part of the automaker’s worldwide transformation. Therefore, Volvo will produce vehicles in America.

Volvo is passing its ambitious re-boot scheme. According to it, the whole product line-up of the company will be retooled to work on a modular platform strategy receiving power from innovated turbocharged and supercharged V4 engines.

The latest vehicle of the producer is the restyled XC90 crossover. It will go on sale in America in spring of 2015. The car will be equipped with a petrol-only powerplant which is able to output 316 hp and torque of 296 lb-ft. Optionally, it will be possible to obtain a hybrid variant with 400 hp and torque of 472 lb-ft.