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Volvo to boost investment in South Carolina, launch new hybrid model before 2030
Yahoo Finance· 2025-09-30 10:33
This story was originally published on Automotive Dive. To receive daily news and insights, subscribe to our free daily Automotive Dive newsletter. Dive Brief: Volvo Cars is boosting its investment in South Carolina to build its XC60 mid-size SUV for the U.S. market starting in late 2026, the automaker announced in a press release Sept. 23. Currently, the XC60 is primarily produced in Sweden. Following U.S. production of the vehicle, the plant will also build a new, next-generation hybrid model for the ...
Volvo Cars to produce new vehicle in US as tariffs pressure auto supply chains
New York Post· 2025-09-23 19:29
Volvo Cars on Tuesday announced plans to produce a new hybrid model in the US as its supply chain continues to feel the pressure from President Trump’s tariffs.The Swedish automaker is aiming to add a next-generation hybrid model to the production line at its Ridgeville, South Carolina plant near Charleston before 2030, the company said in a press release.“The Charleston plant is foundational to our strategic growth plan for the US,” Luis Rezende, president of Volvo Cars Americas, said in a statement Tuesda ...