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Like the waistline of its parent country’s bikini models, Volvo is considering trimming down—cutting its product line in half, including its legendary wagons.
Volvo CEO Stefan Jacoby believes that in America, its core products are the S60, the XC60 and XC90 SUVs. That means no more S40, no goofy-but-unloved C30 hatchback, and perhaps most egregious of all: no more V50 and V70 wagons. What is Volvo without its longroofs? Who knows, but there will likely be some members of Ithaca, New York’s Free Tibet chapter who will be sorely disappointed.
As Volvo aims to sell 120,000 cars annually—it is currently pushing less than half of that, at 53,948 vehicles for 2010—it is also considering its own captive finance division through its dealers. It will need to ink a deal with a major financial institution, as right now Volvo only offers financing through U.S. Bank.
[Source: AutoNews via Autoblog]
Volvo has unveiled a plug-in diesel hybrid version of its V60 wagon ahead of the Geneva Auto Show, which promises to do for fuel spending what Atkins did for bread consumption.
The diesel hybrid takes Volvo’s 2.4-liter inline-five turbodiesel, pumping out 215 horsepower and 324 lb-ft of torque and adds an electric motor to the back wheels: a 70-horsepower motor powered by a 12 kWh lithium-ion battery pack, controlling what Volvo calls the Electric Rear Axle Drive (ERAD).
With two engines and AWD, the V60 hybrid can run on “Pure” mode for 32 miles on just the electric motor. With “Hybrid” mode activated, it’s good for a range of 746 miles, and in full-attack “Power” mode the V60′s two engines hustle to 60mph in 6.9 seconds. That’s what 472 lb-ft of torque combined will do for a family hauler.
The V60 hybrid will debut in Geneva in a few weeks. Click the jump for video of the diesel-hybrid.