Company detailsCompany name: Volvo carCompany country: SwedenNumber of employees: 38000Sector: C - ManufacturingSector detail: C29 - Manufacture of motor vehicles, trailers and semi-trailersSub-sectors: C29.10 - Manufacture of motor vehicles Reshoring detailsReshoring announcement date: 19/07/2018Starting implementation date: July, 2018Reshored to: SwedenLocation of affected unit(s): TorslandaLocation code: SE232Reshored business function: ProductionReshoring governance mode: In house (in own facilities)Reasons for reshoring: Changes in taxationCase narrative: Volvo is a car manufacturer headquartered in Sweden which manufacture in its plants widespread among Europe, China and the US. In July 2018, the company decided to back-shore the production of the Volvo XC60 addressed to the US market from China to Sweden. More specifically, the production was moved to the Torslanda plant that already assembled the product for the European market. The relocation decision was the consequence of the tariffs imposed by the USA on Chinese imports of automotive products. The Chinese factory will continue to realize the product for other markets, including the European one. Sources: Di.se 19/07/2018 Reuters 19/07/2018 Motor1 20/07/2018 Sources link: https://www.di.se/nyheter/volvo-cars-flyttar-produktion-fran-kina-till-e... https://www.reuters.com/article/us-volvo-car-results/exclusive-volvo-shi... https://www.motor1.com/news/253291/volvo-xc60-us-production-europe/ Offshoring detailsOffshoring location: ChinaOffshored business function: ProductionHost country geographical area: China
