The total number of employees at the plant will jump by 40 percent, adding 1,300 jobs to accommodate a third shift. Production capacity will be significantly increased, with a target of 300,000 vehicles annually.
Volvo’s retail deliveries are up by 9.2 percent for the first nine month of the year, on track for a 10-percent gain to 470,000 vehicles for the full year — an all-time high for the company.
“The all-new Volvo XC90 SUV is expected to further grow the company’s sales volumes during 2015, creating a need for increased output from the Torslanda plant where the new car is to be produced,” the automaker said in a statement.
The XC90 represents the first vehicle to be produced on Volvo’s Scalabe Product Architecture (SPA), which will later be used for upcoming models. Developing the modular platform and expanding the Torslanda plant are part of a broader $11 billion USD investment into future growth strategies.
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