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Tags: United States, Automobiles, China,
Volvo's sales declined in the U.S. to 56,000, though overal global sales increased to 449,00 based on higher sales in China and Europe. The new investmetn follows Daimler's decision to invest $500 million in U.S. plants. This is happening as other auto companies continue expansion in Mexico where labor costs are a fraction of that in the U.S. VW has managed to negotiate lower costs in the southern state of Tennessee, U.S., to about $38 per hour including benefits, $10 lower than Fiat Chrysler's costs.
Grouped Articles
Volvo to Open Plant in the U.S.
Wall Street Journal 03/30/2015
Volkswagen’s Overhaul May Not Upgrade Profit Engine
Wall Street Journal 04/29/2015
Volvo Car to Build First U.S. Car Plant in South Carolina
Wall Street Journal 05/12/2015
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