Volvo spoke about plans to expand the crossover model range

Volvo spoke about plans to expand the crossover model range

July 23, 2019 0 By autotimesnews

The guys from the Swedish automotive brand are planning in the near future to introduce new crossovers of the initial and flagship levels. It is known that new items will be in the model range of the brand below the current XC40 and above the XC90.

Volvo is working on a fully electric version of its compact crossover XC40 – the car will be presented at the end of this year, and, obviously, this is not the only “hot” topic among company executives. The new report from the foreign edition AutoExpress highlights plans to expand the future model line of the Swedish automaker. It is known that the brand will present in the near future two new series of crossovers.

After a record-breaking first-half sales — 340,000 cars were sold worldwide, Volvo wants to restore profit growth, which still suffered during the first six months due to different tariffs and “increased pressure on profitability in falling, financially, markets.” A possible solution may be to add a more expensive crossover, which in the current model range of the company will be located above the current flagship XC90, and a series of entry-level crossovers located below the current initial crossover XC40 (below in the photo).

“We do not exclude the idea of ​​updating the model range, especially in such major segments as the crossover,” – said Volvo CEO Hakan Samuelsson. “We are now seriously considering this opportunity.”

  During his interview, Mr. Samuelsson also confirmed that Volvo now has production capacity for further growth, even above the mark of 800,000 cars a year. In the first six months of 2019, the sports crossovers accounted for about 61 percent of the brand’s total sales, which is 10 percent more than last year, and the Swedish firm estimates that this number will soon rise to 70 percent.

Not so long ago, our publication wrote that Volvo recalls half a million cars around the world. The reason for which several models of the Swedish brand needed repair at once is a breakdown fraught with a fire in the engine.