Volvo Will Export First Chinese-Made Cars To U.S. Customers
Don’t expect a flood of cars with a virtual “Made in China” stamp to flood American roads, though. While cars from Asian automakers are a huge part of the market here, it’s very expensive to ship entire assembled vehicles across the Pacific. CNN consulted an expert who pointed out that about 70% of cars sold by Japanese and South Korean automakers are put together in this country. Volvo still assembles cars in the United States under its new owners, Geely Automotive. The high-end Inscription sedans come from a Geely plant in Chengdu, China.
China is now the world’s largest market for autos, and Volvo sells about 25,000 Inscription sedans in that country annually.
Volvo to be first to export Chinese cars to U.S. [CNN]
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