Volvo Car Group will invest eleven billion dollars in the SPA (Scalable Product Architecture) and VEA (Volvo Engine Architecture) and half of that will be spent in Sweden in infrastructure for the new vehicle architecture and engine family.
With this Volvo pretends to achieve independence in platforms and engines and thereby not depend on other brands and products. Also pretends to share more components over all the models in the Volvo lineup to benefit from economies of scale.
SPA (Scalable Product Architecture) is a flexible, scalable product architecture that covers most of Volvo's future car models. It is a product range consisting of shared modules and scalable systems and components, all manufactured in a flexible production system. In parallel with SPA, Volvo Car Group is also developing an all-new four-cylinder fuel-efficient engine family known as VEA (Volvo Engine Architecture).
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