Volvo Cars seeks to invest in supplier plants as it readies for new model

URLhttps://charlestonbusiness.com/news/automotive/826
SourceCharlestonbusiness.com
Date Published09/29/2022
Author NameKrs Merryman
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Volvo
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):62
Country(ies) from which reshored:Sweden
City reshored to:Ridgeville
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredVolvo EX90
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Skilled workforce availability/training
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