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Rumormill: Volvo readying five-door hatchback to boost brand's overall sales

by Jonathon Ramsey (RSS feed) on Oct 18th, 2010 at 8:59AM

Volvo CEO Stefan Jacoby wants to move 800,000 vehicles across the globe per year by 2020, which would more than double last year's sales tally of 350,000 and signal a reversal of sales declines. Jacoby expects about 250,000 of those additional sales to come from its integration into the Chinese market, but the remaining difference will be made up by entering new segments, sharpening the brand's focus and becoming a true luxury brand, not just premium. It shouldn't be any surprise that the ex-Volkswagen USA head would have in mind a Golf-sized five-door hatch for arrival in 2012. He... Read More

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