Volvo plans additional investment, jobs at USA plant

Volvo plans additional investment, jobs at USA plant

Volvo plans additional investment, jobs at USA plant

Volvo Cars plans to build a second model of vehicle in SC.

Monday's announcement means 3,900 people in total will work at the auto manufacturer, which is expected to produce its first vehicle next year.

Volvo is hoping to start production in late 2018.

Starting in 2021, the Volvo campus in Ridgeville will build the XC90, which Lex Kerssemakers, president and CEO of Volvo Cars of North America, called the company's "flagship SUV".

They say the expansion brings their total investment to $1 billion and will employee a total of 3,900.

The facility will also house Volvo's southern regional sales office as well as a training and research and development center. "We couldn't be prouder that such a tremendous company has chose to invest in our people further and create more jobs for hardworking, deserving South Carolinians that we know will produce results". The state plans to request $46 million in bonds to offset the cost of infrastructure improvements.

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