Volvo chooses South Carolina for new $500 million auto plant



Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

COLUMBIA, S.C. (AP) — Volvo Cars will build a $500 million plant in South Carolina that will eventually employ up to 4,000 people.

South Carolina Commerce Secretary Bobby Hitt said Monday morning that the state offered an incentive package worth about $150 million to attract Volvo, which Hitt said had considered five states, including Georgia

Hitt said most of the incentives will be for infrastructure, including a new interchange on Interstate 26 west of Charleston.

Georgia offered Volvo a site near Savannah and has been pushing hard for more automakers. It wasn't clear what incentives Georgia offered Volvo.

Volvo's first American plant will be about 30 miles from the Port of Charleston. It's expected to make about 100,000 vehicles a year, initially.

The company expects to employ about 2,000 people over the next decade, with employment eventually reaching 4,000.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast