BEIJING -- Volvo Car Corp., owned by China's Zhejiang Geely Holding Group Co., is considering making cars in China for export, said Volvo CEO Stefan Jacoby.
"It is obvious that at some point manufacturers will export from China," Jacoby said. "We, as a global premium brand with European heritage, have a very good opportunity to be owned by a Chinese enterprise and to utilize our manufacturing capacities here."
Volvo aims to double global sales to 800,000 vehicles in 10 years. Volvo wants to more than double U.S. sales to 120,000 cars a year, up from 54,000 in 2010.