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The manufacturer of premium cars Volvo Cars announced the opening of the first plant in the US, in Charleston. The company invests in the American plant about 1 billion 100 million dollars. At the plant, with an annual capacity of 150,000 cars, about 4,000 new jobs will be created. Volvo already has two operating car manufacturing plants in Europe and one for the production of engines, as well as three factories in China and assembly plants in India and Malaysia. The automaker plans to start production of the new premium sports sedan Volvo S60 in the fall of 2018 at the American plant, and in 2021 - to launch the next generation of the large premium crossover XC90.
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
Japan’s factory activity for June contracted for its 14th straight month amid sharp reductions in supply and demand, according to data from a business survey released on Wednesday. Japan is one of many export-reliant nations that have ...
Japanese industrial output in May dropped to its lowest level since the global financial crisis, underlining the deep impact of the coronavirus pandemic on factory productivity. Japan’s Ministry of Economy, Trade and Industry data reported ...
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