|Bid||149.70 x 0|
|Ask||149.80 x 0|
|Day's range||149.40 - 150.10|
|52-week range||135.40 - 150.90|
|PE ratio (TTM)||16.85|
|Dividend & yield||0.36 (1.93%)|
|1y target est||150.89|
Before the first car even rolls off the assembly line of a new production plant just outside Charleston, South Carolina, Volvo is expanding plans for the plant.
Volvo Cars is so eager for growth, it’s planning to expand its first U.S. factory -- and it hasn’t even finished building it yet.
Volvo Cars is doubling investment in its first U.S. plant under construction to add a second production line at a total cost of $1 billion, a source with knowledge of the plans said, as the carmaker heads for a fourth straight year of record sales. The move to raise capacity even before completion of the plant in Charleston, South Carolina will ultimately add 2,500 workers to the 2,000 already being recruited by the Swedish carmaker ahead of its 2018 opening, the source told Reuters. A Volvo spokeswoman declined to comment.