Friday, June 22, 2012

Volvo Shopping Around for a Partner to Build Cars in North America, Wouldn't Mind Talking to Fiat


Not to be outdone by its German rivals in the premium segment, Volvo is actively looking for a new partner to manufacture cars in North America, according to a report from Bloomberg News that cited an interview with the Swedish automaker's CEO Stefan Jacoby.

"In the medium term, five to six years, we need to find a proper solution in North America," Jacoby told the news site on Thursday during a conference in Monaco. "Building a plant ourselves is maybe more unlikely. I’m looking for a partner that could help us utilize a North American plant."

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