Small concepts show Volvo evolving

Small concepts show Volvo evolving

Volvo has lifted covers on a pair of concept cars that signal a move into small, globally-pitched cars – and sends the Swede in brand new direction.

In line with Volvo’s ambitious goal to sell up to a million electric cars by 2025, the new 40 series range includes both and electric vehicle and a plug-in hybrid.

The 40 series cars will be the first built around Volvo’s Compact Modular Architecture (CMA), which has been specifically created for smaller cars.

VOLVO concept 40 (3)

“Our new expanded range of smaller cars will improve and broaden Volvo’s presence in an important and growing market segment in Australia and around the world,” says Volvo managing director Kevin McCann.

Volvo says the 40 series is planned to go into production in 2017, going on sale late 2017, or early 2018.

In the first three months of 2016 Volvo revenue rose 24% year-on-year to SEK41.7bn (AUD$6.91 billion). Global sales for the first quarter of 2016 increased 11.9% to 120,591 cars.

Volvo has a medium-term ambition to sell 800,000 cars a year, up from 503,000 in 2015.

VOLVO concept 40

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