It's Official: South Carolina Will Build the Next-Gen Volvo S60 and the Volvo XC90

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.

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Volvo Doubles South Carolina Investment, Pours In Another $500 Million, Plans Two Production Lines

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.

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Best Selling Cars Around The Globe: Coast to Coast 2014 – Charleston SC
Ford F250 in Charleston SC

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.

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  • Probert They already have hybrids, but these won't ever be them as they are built on the modular E-GMP skateboard.
  • Justin You guys still looking for that sportbak? I just saw one on the Facebook marketplace in Arizona
  • 28-Cars-Later I cannot remember what happens now, but there are whiteblocks in this period which develop a "tick" like sound which indicates they are toast (maybe head gasket?). Ten or so years ago I looked at an '03 or '04 S60 (I forget why) and I brought my Volvo indy along to tell me if it was worth my time - it ticked and that's when I learned this. This XC90 is probably worth about $300 as it sits, not kidding, and it will cost you conservatively $2500 for an engine swap (all the ones I see on car-part.com have north of 130K miles starting at $1,100 and that's not including freight to a shop, shop labor, other internals to do such as timing belt while engine out etc).
  • 28-Cars-Later Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.”The losses include “hundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.” [if they ever are recouped] Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses. https://www.zerohedge.com/political/fords-120000-loss-vehicle-shows-california-ev-goals-are-impossible Given these facts, how did Tesla ever produce anything in volume let alone profit?
  • AZFelix Let's forego all of this dilly-dallying with autonomous cars and cut right to the chase and the only real solution.