Almost six weeks after saying it planned to establish a beachhead in the U.S., Volvo announced it’s building a $500 million plant just north of Charleston, South Carolina.
The automaker was said to be considering three locations, but the site north of Charleston won out because of its proximity to a large port and other infrastructure.
The factory, which will be located in Berkeley County and is expected to be up and running by 2018, will produce 100,000 vehicles that will be sold in the U.S. and exported, according to the automaker. Construction will begin later this year. (more…)