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 |  Jun 01 2012, 12:04 PM

Volvo surprised a few of us when it originally decided against bringing the V40 stateside, but it seems that the Swedish company is changing its mind about the hatchback.

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 |  Jan 04 2011, 9:17 AM

Based on the success of the new-ish XC60 crossover, Volvo will look to move further downmarket with a rival for vehicles like the BMW X1 and Audi Q3.

According to at least one report, the move is part of a larger plan to not only increase the volume of models Volvo produces, but also to expand the range of vehicles offered. The junior crossover, tentatively dubbed the XC30, would help Volvo gain back market share it has lost in Europe over the past few years while at the same time help grow the Swedish brand’s appeal with a younger demographic.

It would be based on an AWD version of the current C30 platform and share considerable styling traits with the best-selling XC60.

Expected to hit dealers in Europe by 2013, it should arrive in North America by 2014.

[Source: AutoCar]