Volvo breaks ground on first U.S. factory


Another European automaker is about to call the Southeastern United States home. Swedish carmaker Volvo AB has broken ground on a $500 million factory located 30 miles northeast of Charleston, SC. This will be Volvo's first U.S. manufacturing plant, and could result in some 4,000 direct jobs for the state. It will be capable of making 100,000 cars a year at the plant, and is expected to employ approximately 2,000 over the next 10 years. The first cars will roll off the production line in 2018.
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