Volvo Dealers Applaud Announcement of U.S. Plant | Edmunds

Volvo Dealers Applaud Announcement of U.S. Plant

ROCKLEIGH, New JerseyVolvo 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.

Volvo announced the new U.S. factory on Monday, saying that it has drawn up a short list of potential locations. It is not clear at this point which vehicles will be built at the plant.

"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."

The redesigned 2016 Volvo XC90 crossover, the first vehicle developed under Volvo's Chinese owner Geely, arrives at U.S. showrooms this spring.

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.

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