Volvo sold 449,255 cars globally in 2011, with 67,240 of those sales coming from right here in the States. By 2020, CEO Stefan Jacoby aims to boost those numbers to 800,000 sales globally and 120,000 here, and to do so, he can't let the exchange rate between the dollar and the euro stand in the way. That's why, according to a report in Automotive News, Jacoby says the company will spend "the next two or three years" considering building a plant in the U.S. or Mexico.

Jacoby made much the same comments six months ago at the 2011 Frankfurt Auto Show, but now he's added a timeframe to the discussion. Even on the optimistic end, if Volvo decided to build a factory in 2014 and got the site chosen and the facility built in 18 months, it would probably be 2016 before anyone would benefit from locally produced cars. Nevertheless, with the new V40 due for a new generation not long after, that it might make a perfect timing for us to finally get the svelte hatchback we'd much rather have right now.


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    • 1 Second Ago
  • 10 Comments
      • 2 Years Ago
      [blocked]
        TimATL
        • 2 Years Ago
        I guess in order for you to purchase through OSD, you'd have to be buying a car that's built at either the plant in Belgium or Sweden.
      4gasem
      • 2 Years Ago
      YES PLEASE! It would make the fact that you're a Chinese company, more palatable. I still don't know if I'd buy one though...
        TimATL
        • 2 Years Ago
        @4gasem
        If Volvo is Chinese then Chrysler is Italian.
          ZOZ
          • 2 Years Ago
          @TimATL
          What are you talking about? Don't you know Volvo used to be American?!
          TimATL
          • 2 Years Ago
          @TimATL
          I know that Volvo - a Swedish company - used to be owned by Ford - an American company. And now, Volvo - still a Swedish company - is owned by Geely - a Chinese company.
      donnieorama
      • 2 Years Ago
      Prepare for Amurricanized Volvos! Perfect for fat Amurricans--and decontented accordingly!
      • 2 Years Ago
      [blocked]
      Robert Ryan
      • 2 Years Ago
      I wonder if Volvo cars will become part of the Volvo Corporation again?
      Bob
      • 2 Years Ago
      isnt it more likely that volvo would build SUVs (XC60, XC90) here, not the V40?