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Chinese-owned Volvo to export cars from US to China

Volvo, the Sweden-based, Chinese-owned carmaker, is seeking to head off protectionist sentiment in the US by exporting cars to China from an American plant.

The factory being built in South Carolina will employ 4,000 workers and produce a small sedan that will be sold in Europe and China starting in 2018.

Håkan Samuelsson, chief executive of Volvo Cars, said producing cars in the US for export — particularly to China — offers a powerful rebuttal to accusations that China is taking US jobs.

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