Volvo weighs increasing US production, domestic sourcing to offset tariffs

URLhttps://www.automotivedive.com/news/volvo-trump-ta
SourceAutomotive Dive
Date Published02/27/2025
Author NameLarry Avila

Additional Reshoring Information:

Company/Division name Pending tariffs--Volvo
Parent companyVolvo
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2025
Country(ies) from which reshored:Sweden
City reshored to:Ridgeland
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredcars, batteries for ev
What non-domestic negative factors made offshoring less attractive?Tariffs
What domestic positive factors made reshoring more attractive?Manufacturing/engineering joint innovation (R&D)
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