Volvo Opens U.S. Plant in Timely Hedge Against Trade Spat [Bloomberg Business News]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Bloomberg Business News
LISTEN TO ARTICLE 4:52 When Volvo Car Group broke ground on its first U.S. assembly plant in 2015, it was a proud step in the Swedish automaker’s rebound and global expansion, not a chess move in anticipation of a possible trade war. Now that the plant is about to begin production, it’s poised to serve as a small hedge against tariffs at a time when economic barriers are being erected almost daily. Volvo’s South Carolina manufacturing plant. Source: Volvo Car Group The carmaker on Wednesday will reveal its new S60 mid-size sedan, a redesigned model that will replace one currently produced in China and imported into the U.S. Making the car in South Carolina enables the company to sidestep the tariffs President Donald Trump applied this month to Chinese autos . But with the model accounting for less than 9 percent of Volvo’s U.S. sales this year through May, most of the lineup will still be exposed to any import taxes that target countrie
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