Volvo is making it clear in no uncertain terms that it will not build cars in the US, or even source a significant quantity of parts here. The company has sufficient capacity in Sweden for its assembly needs, and does not see the currency exchange advantage offering sufficient reason to do business in the US. As Volvo's VP of manufacturing states, "We are sourcing from low-cost countries, and the U.S. is not low cost". That, apparently, is the thanks we get for being Volvo's largest market.
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models