Volvo adds XC90 to first U.S. plant, will boost investment to $1.1 billionSept. 25
Volvo Cars will double down its bet on its upcoming U.S. factory by adding production of its next-generation XC90 crossover and boosting investment to a total of $1.1 billion. The XC90 -- currently built in Torslanda, Sweden -- is the second vehicle planned for production at the plant in South Carolina.
AutoNews Now: Continental sparks sales of other LincolnsSept. 25
Volvo steers toward electrified futureJuly 5
First Shift: Trump teases Ford plant announcementMarch 28
Uber suspends self-driving car program after Arizona crashMarch 25
Volvo upbeat on 2017 after 66% earnings jumpFeb. 8
Volvo Cars reported double-digit improvements in 2016 earnings and revenue on Wednesday and forecast a fourth consecutive year of record sales for 2017. Operating profit rose 66 percent to 11 billion Swedish crowns ($1.24 billion) and revenue increased 10 percent to 180.7 billion crowns.
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Volvo raises 2016 outlook after Q3 profit riseOct. 27, 2016
AutoNews Now: Turning the corner at VolvoSept. 27, 2016
'End of the beginning' of Volvo revivalSept. 26, 2016
Uber debuts self-driving vehicles in landmark Pittsburgh trialSept. 14, 2016
When Pittsburgh wakes up this morning, some residents will have the choice of going about their day in an Uber that drives itself. The launch of Uber's self-driving pilot program marks the public unveiling of the company's secretive work in autonomous vehicles and the first time self-driving cars have been so freely available to the U.S. public.