Monaco-Ville: Executives reiterated Volvo plans to make cheap cars in China and the Swedish company that will market jointly with Geely Automobile Holdings Ltd.
Furthermore, Jacoby said, it is likely that the model would be a small SUV. Meanwhile, construction of factories in China are still awaiting government approval. The first factory in Chengdu and planned to start producing cars in the second half of 2013.
The Swedish automaker Volvo Car Corp is owned by Manufacturer China Zhejiang Geely Holding Group Co. is looking for new partners in North America. "In the medium term, five to six years, we need to find appropriate solutions in North America," said Volvo's chief executive Stefan Jacoby in an interview this week.
"If we own a factory building is not possible. We are seeking partners who can maximize our factory from the partners in North America."
Brand based in Gothenburg Sweden is looking for "couples". However, Jacoby Volvo declined to potential partners.
"The cooperation would be ideal if Volvo partner willing to cooperate in the development costs of small cars," Jacoby said in an interview to Automotive News Europe in Monaco.
Volvo considering building an assembly plant in North America that is independent of the value of the euro. Jacoby had said they should be partners in the United States or Mexico.
Zhejiang Geely bought Volvo from Ford Motor Co. in August 2010 of 1.8 billion euros.
Volvo has targeted sales nearly doubled to 800 thousand cars and sport utility vehicles in 2020 from the delivery of 449 255 cars in 2011.
Volvo plans to invest $ 11 billion in the next few years. Including, the construction of two cars and factory machinery factory in China. "Volvo is open to all parties including Fiat SpA as a partner," said Jacoby.
Turin-based auto makers, Italy (Fiat) is melalang traveled in the United States through the acquisition of Chrysler Group LLC, which is part of the strategy related to the Chief Executive Sergio Marchionne Fiat growth.
"Fiat definitely one of the alternatives," said Jacoby. "If you talk to Marchionne, please say to call me."
"Volvo suffered a loss in profits in the United States and Europe," added Jacoby Zhejiang Geely hired in 2010. Previously, Jacoby worked in the U.S. to Volkswagen AG.
