By Michael Probst, AP
"One weakness of Volvo cars is the exposure to the U.S. dollar, so we are investigating increasing our sourcing in North America," CEO Stefan Jacoby told Bloomberg News and other reporters at the Frankfurt auto show, now in the second day of its media preview. "The utmost solution would be to have a North American industrial footprint. We haven't made up our mind."
Bloomberg also reports that Volvo, which currently makes cars in Sweden and Belgium, hasn't decided whether go it alone or take on a partner. The company is "overall optimistic" about the auto market, Jacoby told Bloomberg. "Right now we have no indication of a decline in the market, but if it comes we are more prepared than in 2008, with respect to our financial strength and flexibility in our plants."
Volvo used to be owned by Ford, but it was split off and appears to be having far more success than the other Swedish automaker, Saab, that was jettisoned by General Motors. Saab is trying to stave off creditors and liquidation, ending its storied history.
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