Volvo is looking at developing new cars in just 20 months, once its new modular platforms are implemented. That is about half the time Volvo takes today and way faster than other automakers take.
The Volvo V40 which is on sale now, took the company 42 months to develop, while Toyota and Mazda take about 26 months to make a car.
Volvo will cut down to just two platforms:
SPA- This debuts on the 2016 Volvo XC90 and is basically going to replace all of the current Volvos except for the V40.
CMA- This will be used to build compact cars, which will be co-developed with Volvo's parent Geely and will be the basis for entry-level cars from the Swedish brand and a new compact model for the Chinese brand.
By doing so, the company can shorten the life cycle of car models and keep the cars from being in the market for a time of 10 to 12 years, without a complete redesign.