Having received almost 80,000 orders for its new award-winning XC40, Volvo Cars is expanding production in Europe and China in order to meet demand. In addition, the company will capitalise on the popularity of its new smaller models with the introduction of new models on its Compact Modular Architecture (CMA), replacing the current V40. "The XC40's success has surpassed even our highest expectations," said Hakan Samuelsson, president and CEO of Volvo Cars. "The small SUV segment is the fastest-growing segment in the industry now, and with these additional CMA-based models we expect to benefit further from that growth." The coming new models based on CMA will include fully electric vehicles and will be sold globally in all major regions. More product details will be disclosed at a later stage.
Created at: 2018-06-07T10:47:01Read more