Volvo is to enter the compact car segment in 2017 with an all-new innovative architecture. This is the very first time Volvo would be venturing into the compact car segment in any market.
The Swedish manufacturer will develop vehicles based on two platforms. Compact Modular Architecture(CMA) and Scalable Product Architecture(SPA). Volvo will make use of the CMA platform first and launch the new product by 2017.
Volvo plan on revamping their entire lineup of vehicles. The carmaker will update its current range of vehicles globally within the next four years. The XC90 was the first vehicle to undergo major changes and will be followed by the S90 sedan.
Volvo also plans to ramp up production of its vehicles. The Swedish car manufacturer is aiming at annual sales volume of 8,00,000 vehicles. This will be possible with their new range of products.
At the moment, Volvo has not confirmed the models that will be launching. The carmaker has only confirmed two platforms that will be used for future compact vehicles. CMA and SPA platform could give customers a wider option in the Cross Country portfolio.
The Swedish manufacturer has also confirmed the introduction of new plug-in hybrid vehicles within the next four years. Volvo is committed on making vehicles safe and promises no deaths or injuries in its new models by 2020.
Dr Peter Mertens, Senior V.P., R&D at Volvo Car Group, expressed that the new platforms are flexible and a wide range of products can be developed. They will also improve drivability, connected technology and world-class safety.