ROCKLEIGH, New Jersey — Volvo dealers say Volvo's plans to build a $500-million assembly plant in the U.S. underscore the automaker's long-term commitment to the market here.
"The U.S. Volvo dealers are delighted with this announcement," said Chip Gengras, chairman of the Volvo dealer council in the U.S. in a statement. "It clearly illustrates Volvo's long-term commitment to the U.S. market."
Volvo's ambitious future product plans include what it calls a "complete renewal of Volvo's product range over the next four years," including a plug-in hybrid in nearly each vehicle lineup.
Volvo plans to introduce seven new vehicles, including replacements for the current lineup and new vehicles, by 2019.
"Volvo Cars cannot claim to be a true global carmaker without an industrial presence in the U.S.," said Hakan Samuelsson, Volvo president and CEO, in a statement. "The U.S. is an absolutely crucial part of our global transformation and today's announcement makes it perfectly clear that Volvo is in the U.S. to stay."
Edmunds says: Good news for Volvo dealers and great news for Volvo buyers who want a vehicle with American roots.