Volvo may start production in the Chinese city of Chengdu

Article by Christian A., on December 11, 2010

A Volvo Cars board member says that the company may start production in Chengdu, China, to boost sales in the country. The Swedish car maker was acquired by Zhejiang Geely Holding Group Co. from Ford Motor Co. in August for about $1.5 billion.

Marko Peltonen, who represents the IF Metall union on the board, says that Volvo's board recently agreed that taking over an existing Geely Automobile Holdings Ltd. factory in Chengdu and converting it to produce Volvo cars would be the cornerstone of Volvo’s China strategy. He adds though that no decision has been taken.

Chief Executive Officer Stefan Jacoby says that expanding in China is essential to Volvo’s aim of doubling sales to 800,000 cars in 10 years. He said in October 2010 that Volvo may need as many as three plants in China.

The board also appointed Jan Gurander as chief financial officer starting latest in April 2011. Currently, Gurander is CFO at MAN Diesel & Turbo SE.

Volvo says that Hans Oscarsson will continue as acting CFO until Gurander takes over. Volvo adds that Lex Kerssemakers, currently head of Volvo Cars Overseas Corp., will be head of a new function -- product strategy and vehicle line management. [via autonews - sub. required]

Topics: volvo, china, production

If you liked the article, share on:

Comments

Recommended

BMW saw a potential oil leak on the new M760Li, prompting them to recall the said vehicle last April. Today, a little over two months after issuing the first recall,...
by - June 28, 2017
Without a doubt, the SUV segment is getting increasingly more saturated. This month alone, we were greeted with city-oriented SUVs from the Kia Stonic to the Hyundai Kona, and now...
by - June 27, 2017
The Swedish moose test is known to have victimized many in the past, including the Toyota Hilux that massively failed. So knowing that many cars from trusted and leading automakers...
by - June 27, 2017
All-new BMW X3 (G01) just made its debut! The updated model has a familiar design, and slightly increased dimensions compared to its successful predecessors. For more cabin space, the wheelbase...
by - June 27, 2017
Polestar is notably known to be Volvo's internal performance specialists, and around last year Polestar revealed to the public that it will utilize electrification to further advance the power of...
by - June 26, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries