Volvo Cars Open to US Partnerships to Increase South Carolina Plant Usage
Volvo Cars Considers Strategic Partnerships in the US
Volvo's Approach to US Manufacturing
OSLO, May 13 (Reuters) - Sweden's Volvo Cars is open to cooperation with other companies in the United States as the auto maker seeks to better utilise the existing production capacity at its South Carolina plant, the company's CEO said on Wednesday.
Industry Response to US Tariffs
Auto makers worldwide are scrambling to rethink their production strategies to contend with President Donald Trump's duties on foreign cars, part of his wider policy to boost U.S. manufacturing.
Potential Areas of Collaboration
Volvo Cars, which has set out several plans for building more cars in the U.S., is open to cooperation in assembly and construction as well as in sourcing and supply chain activities, CEO Hakan Samuelsson told the FT "Future of the Car" conference.
CEO's Perspective on US Expansion
"That is something I think we need as we are now increasing our presence in the U.S.," Samuelsson said.
"It's part of the regionalisation of the world, we need to be much more industrially present in the U.S. and we need to fill the factory we have there," he added.
Ownership and Reporting Details
Geely's Stake in Volvo Cars
Volvo Cars is majority-owned by China's Geely Holding.
Article Credits
(Reporting by Terje Solsvik; editing by Niklas Pollard)
