Volvo Cars May Build North American Plant, Chief Jacoby Says

Volvo Car Corp., the Swedish automaker owned by China’s Zhejiang Geely Holding Group Co., may build a plant in North America, Chief Executive Officer Stefan Jacoby said.

“One weakness of Volvo cars is the exposure to the U.S. dollar, so we are investigating increasing our sourcing in North America” to balance currency movements, Jacoby told reporters today at the International Motor Show in Frankfurt. ”The utmost solution would be to have a North American industrial footprint. We haven’t made up our mind.”