Volvo Celebrates 50 Years at Torslanda Factory With New Investments
As Volvo plans a revival strategy for the U.S. market, it is celebrating a major milestone in Sweden. Volvo has now been producing cars at its famous Torslanda factory for 50 years. To celebrate the accomplishment, the company will build a new body plant and expand investments for the future. The new bodybuilding facility is part of Volvo's investment in Scalable Production Architecture, which will help the company build new models with a flexible production system. It will also help Volvo become technically independent and cut all ties with previous owners. A new platform is expected to make up about two-thirds of all Volvo sales, and about 40 percent of all parts will be identical on each model. From 2011 to 2015, Volvo will have invested over $10 billion in SPA, with half the investment going to its Swedish operations. Referring to the investments, Volvo's senior vice president of Purchasing & Manufacturing Lars Wrebo said, "We are talking about a gigantic project which in financial terms is on a par with the construction of the Oresund Bridge linking Sweden to Denmark." The Torslanda plant has been a huge part of Volvo's story over the past 50 years. In 1964, the plant made its debut, and by 1976, Volvo had built 3 million cars there. By 2008, the number grew to 6 million, and today, almost 7 million cars have been produced at this factory. Source: Volvo
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