Volvo Cars to Close Swedish Plant Making Convertible in 2013
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Volvo Car Corp., the Swedish automaker owned by China’s Zhejiang Geely Holding Group Co., said it will close its plant in Uddevalla, Sweden, in 2013 because of insufficient volumes.
Volvo is making the C70 convertible at the plant, which is co-owned with Italian car design company Pininfarina SpA. The factory produced 10,000 cars last year and is now working at 65 percent of its capacity, Volvo said.