Volvo seeking a partner for U.S. production

Volvo CEO Stefan Jacoby has revealed the company is looking for a partner to build vehicles in North America.

Speaking with Bloomberg, Jacoby said "In the medium term, five to six years, we need to find a proper solution in North America. Building a plant ourselves is maybe more unlikely. I'm looking for a partner that could help us utilize a North American plant."

The executive declined to go into specifics, but said the company is already taking to a couple of automakers. Interestingly, Jacoby mentioned Fiat as a possible candidate and jokingly commented "If you speak to [Fiat CEO Sergio] Marchionne, just tell him to call me."

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About this article
Automaker Volvo
Article type Corporate/Financial
Tags volvo partnership, volvo tie-up, volvo us, volvo us production