It’s Official: Volvo’s First U.S. Factory Will be in South Carolina

Following months of speculation regarding a potential North American manufacturing facility, Volvo Cars has confirmed Berkeley County, South Carolina, as the future home of its first US automotive plant.  The recently finalized deal includes a $500 million investment in the new Berkeley facility, which is slated to begin construction in the fall of 2015, and will extend Volvo Car’s manufacturing capability to three continents. “We’re excited to build our first American factory in South Carolina and we look forward to helping grow the local community and economy.” said Lex Kerssemakers, President and CEO of Volvo Cars of North America. RELATED: 2015 Volvo S60 Cross Country is One of Today's Most Unique Cars RELATED: Check Out The All-New 2015 Volvo XC90 SUV Volvo affirms the plant will employ 2,000 workers in the next decade and 4,000 in the long term with the first vehicles expected to roll off the assembly lines in 2018. Initial plant capacity will allow production of around 100,000 cars per year, both for sale in the US and for export, which should help Volvo reach its goal of doubling global sales in the medium term. Volvo has yet to confirm which cars will be produced at the plant, though traditionally higher-volume models like the Volvo XC90 and XC60 are expected. Reportedly, South Carolina and Georgia were the two final candidates for the assembly center. The location of the facility ticks key boxes for Volvo, including fast access to southern ports for export and import, a skilled labor force, and numerous state incentives. It should play a major factor in the state’s economy – a study by the College of Charleston estimates the plant will contribute around $4.8 billion in annual economic output. RELATED: Get a Closer Look at the Hot-Hot Volvo V60 Polestar ____________________________________ Click Here to Read the Original Article on BoldRide