Rumors of a new Volvo hot hatch have gotten hot again with talk of a new 300-horsepower C30 for Europe. According to reports, the new model would be powered by the same 2.5-liter inline-five cylinder turbo engine that powers the new Ford Focus RS. One difference between the two cars, which share a similar platform, is that the Swedish beauty would be offered with a Haldex all-wheel drive system in contrast to the Blue Oval's torque-steer inducing front-engine, front-drive layout. Larger 20-inch wheels ought to fill out the arches quite nicely, and a special body kit should bring the whole look closer to the tarmac. To keep demand high, Volvo may limit the new model to 4,500 units worldwide, though we have no idea where it will offer the hatch besides the U.K. Considering that the Swedish automaker has diluted its R-nameplate, we're also not certain what this performance-minded C30 will be called, but we're sure it'll be the most fun we've had in a Volvo for quite a long time.