volvo xc60. production

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Volvo expanding production capacity for the XC60 crossover due to US demand

Volvo Cars CEO Stefan Jacoby said the carmaker will increase production capacity for the XC60 crossover as Volvo anticipates that U.S. demand will spur growth. Jacoby, who plans to more than double sales to 800,000 vehicles in 10 years, said the company expects "to grow significantly" in the United States and globally.

A unit of Zhejiang Geely Holdings Group Co., Volvo boosted sales 11 percent to 373,525 cars in 2010 and expects the S60 sedan and XC60 will boost another year of increased sales, with deliveries likely to rise at least in line with a 6 percent to 7 percent growth projection for global auto demand, Jacoby added.

He recently said at the Detroit auto show that Volvo, the Swedish brand sold by Ford Motor Co. to Zhejiang Geely in 2010, is increasing annual production capacity at its factory in Ghent, Belgium, for the XC60 to 110,000 units from 95,000.

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