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I really don't see spending 5 times that amount for the same number of jobs as intelligent in that case.
I would argue that a Toyota/Mazda plant is much more likely to see expansion down the road than a Volvo plant. That said, the required level of government assistance for this plant does sound pretty excessive. I really wish SC had gotten the Hyundai and/or Kia plants. Both of those nameplates are seeing a significant growth in market share as their level of quality has increased.
I would argue that a Toyota/Mazda plant is much more likely to see expansion down the road than a Volvo plant. That said, the required level of government assistance for this plant does sound pretty excessive. I really wish SC had gotten the Hyundai and/or Kia plants. Both of those nameplates are seeing a significant growth in market share as their level of quality has increased.
Volvo is owned by Geely Automotive Group of China. Geely has wanted to enter the North American market. I predict they will build a Geely plant on the additional land beside the Volvo plant. I say look for Chinese cars made in the US being sold in the US within the next 8 years
I would argue that a Toyota/Mazda plant is much more likely to see expansion down the road than a Volvo plant. That said, the required level of government assistance for this plant does sound pretty excessive. I really wish SC had gotten the Hyundai and/or Kia plants. Both of those nameplates are seeing a significant growth in market share as their level of quality has increased.
The volvo plant has already expanded up to the 4k they said they'd eventually get to, a few years ahead of schedule in fact.
Volvo is owned by Geely Automotive Group of China. Geely has wanted to enter the North American market. I predict they will build a Geely plant on the additional land beside the Volvo plant. I say look for Chinese cars made in the US being sold in the US within the next 8 years
I hadn't considered that aspect. There is no doubt that China will aggressively enter our market at some point. The question in my mind is whether they do that with their own nameplates or continue to use nameplates (i.e. Volvo) that already have brand recognition in the market. I guess they will eventually do both. Volvo certainly gives them a quality image that the average customer probably would not associate with a Chinese auto brand.
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