While the promise of Chinese automakers entering the U.S. marketplace hasn't happened yet, the advent of Chinese-built vehicle could. A senior Volvo executive told Reuters that the Chinese-built long-wheelbase version of the S60 (S60L) will be exported to U.S. for the 2015 model year. A Volvo spokesman confirmed that the S60L would be coming to the U.S., but a timeline hasn't been set.
Why is Volvo exporting vehicles from China? Money. The executive explained that the relationship between the U.S. dollar and Chinese yuan is less tumultuous than the dollar to euro (Sweden).
"The dollar and the yuan have the best relationship, a more stable relationship than the euro and the dollar," said the executive.
By exporting vehicles from China, Volvo expects the degree of risk of sudden currency changes to decrease.
The U.S. isn't the only country being looked at for having vehicles exported from China. Russia is another country being looked at as well.
Source: Reuters
William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.
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