Tuesday, 4 October 2011

Volvo to close Swedish plant making convertible in 2013

Volvo Car Corp. will close its plant in Uddevalla, Sweden, in 2013 because of insufficient volumes for the C70 folding hardtop convertible.
The factory, which is co-owned with Italian car design company Pininfarina S.p.A., produced 10,000 cars last year and is now working at 65 percent of its capacity, Volvo said.

"The low volumes in the Uddevalla plant do not justify continued production," Volvo CEO Stefan Jacoby said in a statement. "A car manufacturer of Volvo's size cannot, from a financial standpoint, justify a plant that manufactures one single model in the low volumes we have today."


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