An excellent vlog. Just one omission. It was subsequently learned that when Lando hit the back of Oscars car at the Canadian GP, Oscars car had slowed suddenly. Not by a lot but by enough to result in Lando crashing into Oscar's car as Lando pulled left to attempt a pass. Why did Oscar's car slow? He had depleted the battery staving off Lando down the previous straight where Lando had the DRS to help him get alongside before he had to brake entering the chicane. It ran out or energy just as Lando was about to attempt the pass. Andrea Stella reported this information the day following the GP but very few in the media picked up on it. All credit to Lando for accepting the blame but I have to believe that Oscar felt his car slow when the battery died. The electric motor adds around 150 bhp to the ICE engine. He must have known, and presumably thought he'd got away with it when Lando took the blame. It was his fault as he'd hit Oscar's car, but he wasn't stupid. He ...
The new facility will have initial annual production of around 100,000 cars and be located in Berkeley County, close to Charleston.
It will make latest generation Volvo models for sale in the United States and for export. Construction will begin in early autumn 2015, with the first vehicles expected to roll off the assembly line in 2018.
Once completed, Volvo will be able to manufacture cars on three continents, underscoring its position as a truly global car maker. It already operates two plants in Europe and two in China.
The new US plant forms part of an ambitious medium term expansion plan to double global sales, boost market share and lift profitability.
“This new global industrial footprint and a complete product renewal forms the foundation for our growth and profitability targets,” said Håkan Samuelsson, president and chief executive.
An important factor in Volvo Cars’ renaissance will be the US market. Volvo Cars has been doing business in the US since 1955 and has a medium term target to sell at least 100,000 cars a year.
“Building a plant in the US is a reflection of Volvo Cars’ commitment to the US and the key role the US plays in our growth objectives,” said Lex Kerssemakers, senior vice president Americas.
The decision to choose Berkeley County was taken as a result of its easy access to international ports and infrastructure, a well-trained labour force, attractive investment environment and experience in the high tech manufacturing sector.
Volvo Cars estimates that the plant will employ up to 4,000 people in the longer term. It has been estimated that the multiplier effect of a car plant means that it can create between 5 and 7 new jobs for every job at a plant. On top of that, factories have beneficial effects on many more aspects of the local economy, from taxation income to consumer spending.
“The US remains one of the most dynamic economies in the world and Volvo Cars believes strongly in the benefits of investing and contributing to the markets in which it seeks to sell cars,” said Mr Kerssemakers.
Nikki Haley, Governor of South Carolina, said: “By bringing $500 million in new investment and 4,000 jobs to this community, Volvo’s presence and commitment to Berkeley County and the state will be felt for decades to come. We are proud to have this global leader in car manufacturing join and strengthen South Carolina’s automotive industry.”
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