VOLVO INVESTS $520M TO BUILD 2ND VEHICLE IN S.C.

Swedish automaker Volvo is nearly doubling its investment in its new South Carolina factory even before the first vehicle rolls off the production line. Two years ago, the company said it would build its new S60 sedan at the Berkeley County plant. Monday, Volvo said it would spend an additional

$520 million and add nearly

2,000 more jobs to build the company’s revamped hybrid

XC90 SUV at the plant, starting in 2021. The increases will double the number of new jobs at the plant to nearly 4,000 and boost Volvo’s investment to more than $1 billion.