Volvo Cars CEO: It's Important to Build in the U.S.

The transcript discusses the strategic decision to expand Volvo's operations globally, emphasizing the importance of local presence in the US market. It explains the choice between South Carolina and Mexico for production, highlighting the significance of being present in the largest market. The potential impact of the Trump administration on trade with Mexico and China is considered, with a focus on maintaining an open and fair trading environment. The company expresses its commitment to investing in the US and outlines its expectations for future trade policies.

Why did Volvo decide to expand its presence in the US market?

• To reduce production costs

• To be closer to customers and show commitment to retailers

• To avoid European regulations

• To focus solely on the US market

What were the two locations considered by Volvo for expansion?

• South Carolina and Mexico

• California and Texas

• New York and Florida

• Canada and Mexico

What was the main reason for Volvo choosing the US over Mexico?

• Better weather conditions

• The US being the largest market in North America

• Lower labor costs

• Proximity to European markets

How does Volvo view its decision to invest in the US in light of political changes?

• As a risky move

• As a mistake

• As the right decision

• As a temporary measure

What does Volvo expect from the new US administration regarding trade?

• Restrictions on global production

• Increased tariffs on imports

• A closed trade environment

• An open and fair trading environment