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.