Reports last week that Geely-owned Volvo would double its investment in Berkeley County, South Carolina, were confirmed today by the Swedish automaker. Volvo’s investment rises to $1.1 billion, the employee count is expected to climb to 4,000, and the Charleston plant will build not one but two Volvo models.
Volvo announced its intention to build its South Carolina plant in May 2015. The first vehicles, set to be third-generation Volvo S60s, will begin rolling off the assembly line in the fall of 2018, just one year from now. By 2021, Volvo revealed today, the company will also be assembling its flagship SUV, the XC90, in South Carolina.
Surprised? Of course not.
Volvo continues to look forward to real U.S. sales recovery, meeting the goal of record U.S. sales volume by 2020, and a fourth consecutive year of record global sales. To get there, Volvo is already altering plans at the Charleston, South Carolina, assembly plant where construction is already in full swing.
Altering? According to Reuters and Charleston’s Post and Courier, it’s more like deciding that the plant should be twice as large, build twice as many vehicles, house more than twice as many employees, and cost twice as much.
After driving from Washington DC through Virginia, North & South Carolina, we are now in Charleston SC. I know a lot of you live in town and have already predicted the type of cars I would see depending on which area of town I travel to. So I need to preface my observations by saying I spent some time in North Charleston, Downtown Charleston and Ashley River as this will impact the landscape I have observed.
Full Report below the jump.