"In the medium term, five to six years, we need to find a proper solution in North America," Volvo CEO Stefan Jacoby said in an interview with BusinessWeek. "Building a plant in ourselves is maybe more unlikely. I'm looking for a partner that could help us utilize a North American plant."
Volvo has reportedly been in talks with a "couple" of manufacturers and is "open to everybody," Jacoby stated, later specifically cited Fiat as a possible solution, since the Italian carmaker is already active in the United States through the Chrysler Group.
In the meantime, Volvo – like many automakers – is expanding its production in China. BusinessWeek reports that Volvo's first factory in Chengdu is "on track," and will start producing cars in the second half of 2013.