Volvo recently opened its first U.S. factory in Charleston, South Carolina in order to start producing American-made cars.
The $1.1 billion Volvo plant is situated on a 1,600-acre piece of property and is scheduled to build about 150,000 vehicles every year moving forward.
Volvo marked the monumental moment in its company history by introducing their first American-made car. That car is the 2019 Volvo S60, which is a compact sedan that will only be manufactured in Volvo’s South Carolina plant. It includes all of the safety and driver assist features that Volvo fans have come to know and love, and it’s also scheduled to be the first Volvo produced without the inclusion of a diesel engine. Those who want to get their hands on it will have the option of purchasing either a gasoline-powered model or a plug-in hybrid. The S60 is scheduled to go on sale in the U.S. this fall and will be priced starting at $37,000.
Volvo is hoping the American-made S60 will be a sign of good things to come for the company. While there are going to be about 1,500 people employed at the new Volvo plant helping manufacture the S60 by the end of 2018, the plan is to have about 4,000 people working at the plant by 2021. The plan is also to continue producing the S60 sedan at the plant as well as the XC90 midsize SUV. About half of the vehicles produced by Volvo in the U.S. will stay in the country while the other half will be exported and sold elsewhere.
There are some trade issues that could eventually prevent Volvo from doing business in other parts of the world using vehicles made in the U.S. But for now, the company is excited to start manufacturing the S60 in America and hopes it will make Volvo vehicles even more popular in the U.S.