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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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Posted

Private car services will love a long wheel base auto and I am sure limo companies will use them as corporate cars. I also believed that the Long Wheel based Cadillac would find a market here but when you have a dealership  / auto company on deaths door, this is not the right answer. I agree with you Drew.

Posted

Volvo is not a luxury brand. It's like VW to me. If this helps bring down the price than i am for it but Volvo really needs a manufacturing facility in North America if they want to compete here.

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