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]

If you liked the article, share on:

Topics: volvo, china, production

Comments

Recommended

November 17 is considered a very special day for Tesla, as this is the day that they revealed the highly anticipated Tesla Semi. But Elon Musk did not think the...
by - November 17, 2017
More details have emerged about the new sixth generation of the BMW M3 just as the German premium practically announced the end of the current-gen 3 Series with the unveiling...
by - November 17, 2017
All is set for Volkswagen’s plans to enter the electric vehicle game, as prompted by the so-called Dieselgate scandal. In fact, the German carmaker has already made a commitment to...
by - November 17, 2017
As BMW has already revealed, the next generation of the BMW M5 (F90) is a four-wheel drive high-performance sedan with overwhelming power output and torque at its disposal. However, it...
by - November 17, 2017
McLaren unveiled a one-off Gold - on - Black 720S at the 2017 Dubai Motor Show which will be on display throughout the entire stretch of this week’s event. The...
by - November 16, 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