With five straight years of record sales in sight, Volvo is shifting production of its top-selling SUV overseas to avoid President Trump’s steep import tariffs. The automaker will move the manufacturing of U.S.-bound models from China to Europe in the face of the new duties placed by Washington on Chinese imports.
The unpredictable Trump administration is considering a 20 percent import tariff on European-built cars for “national security” purposes. With the S60 and XC60 being built on the same Scalable Product Architecture platform, shifting the production of the SUV to the U.S. isn’t impossible.
Read the article at New York Daily News.
The post Trump Tariffs Prompt Volvo to Shift Production of US-Bound VC-60 SUVs from China to Europe appeared first on Fleet Management Weekly.
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