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Volvo vice president of powertrain engineering, Derek Crabb, recently said that the Swedish automaker is developing smaller and smarter powertrain options that will "turn V8s into dinosaurs" – a statement that could have been our first indication that Volvo is no longer looking to create a luxury flagship sedan to take on German land yachts like the Mercedes-Benz S-Class, Audi A8 and BMW 7 Series. Now Automotive News seems to be backing this up after speaking with CEO Hakan Samuelsson, who

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Word has it that Volvo is once again aiming for top-tier status. Automotive News China is reporting that the Swedish automaker has outlined a slew of new goals that include hitting annual sales of around 800,000 units, becoming the best employer worldwide and doing battle with the likes of BMW, Audi and Mercedes-Benz. If that's not ambitious enough for you, the brand wants to make it all happen by 2020. The news came courtesy of Freeman Shen, Volvo senior vice president, who made the comments in

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Volvo Concept Universe – Click above for high-res image gallery

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