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Volvo considering car assembly in Russia — media

June 05, 2015, 8:14 UTC+3 MOSCOW

An economic evaluation regarding car production on Russian territory is being drafted at the moment

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MOSCOW, June 5. /TASS/. Volvo Cars may start assembling cars in Russia, the president of the carmaker’s office in Russia, Michael Malmsten, told the Izvestia daily.

Analysts of the Swedish company, which makes part of China’s Geely carmaker that bought Volvo form Ford in 2010, are considering all nuances, Malmsten said.

"We are now drafting an economic evaluation regarding car production on Russian territory. The issue is being considered in the most serious way," he said.

"On behalf of Volvo, I want to say we are not going to leave Russia. We are here and are going to withstand all troubles that have appeared or will appear soon," Malmsten said.

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