Volvo wants to add XC40 SUV to its range

As part of its path forward to growth and, hopefully, profitability, Volvo wants to add a third SUV to its range.

Hakan Samuelsson, Volvo’s CEO, told Autocar that “a small SUV is very high on our wish list [as] there is a clear trend towards downsizing and we will provide customers with an SUV that is small in stature but remains premium in nature.”

Beginning with the XC90 (above), the company plans to replace each of its current models within four years. All of these next generation vehicles will be based on the company’s new Compact Modular Architecture (CMA).

In time, CMA will under the next generation S40, V40, S60, V60, XC60, S90 and XC90 series. After that is done, the company will then contemplate adding new cars to the lineup, starting with an XC40 SUV.

Currently the company produces around 450,000 vehicles annually, but would like to have that number at 800,000 per annum by the end of the decade.

Source: Autocar