Automaker commited to bringing 40 Series models stateside
Volvo will build a compact crossover based on the next-generation S40 sedan, Volvo president and CEO Hakan Samuelsson told Automotive News in an interview during the 2016 Geneva auto show. The Swedish automaker also confirmed that it will bring that model to the North America alongside the next-generation Volvo S40 sedan and V40 wagon.
“We will expand the 40 series with premium cars” and crossovers, Samuelsson told Automotive News. “We are aiming at that [compact crossover] segment.”
Peter Mertens, senior vice president for Volvo research and development, reasserted that the next-generation S40 sedan, V40 wagon, and crossover (likely called the XC40) will come to the North America.
“We will have the next-generation 40 cars absolutely in the U.S.,” said Mertens. “I think it was a mistake not having the V40, not being prepared for the U.S. It was a mistake, but it was in that time when the company was in extreme trouble.”
Last week, Volvo revealed the V90 wagon in Geneva, which followed the S90 sedan‘s debut at Detroit in January. The Volvo XC90 crossover, which is already on sale, won Motor Trend’s 2016 SUV of the Year award.
In addition, Mertens talked about the potential for electrification in Volvo’s American lineup. Approximately 20 percent of Volvo XC90 models sold in the U.S. are plug-in hybrids compared to about 10 percent in Europe, where consumers favor diesel-powered vehicles, according to Mertens, who predicts a “massive increase in take rates for plug-in hybrids, and I think it’s about to take off now.”
Source: Automotive News (Subscription required)