Volvo is hoping to expand production into North America, and according to BusinessWeek, the Swedish automaker is currently on the search for a partnership here in the States. Ideally, this partnership would be with another manufacturer that Volvo would agree to share small car development costs with.
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.