The burgeoning of Volvo's 30 series of cars will come at the expense of the S40 sedan, which will be merged with the larger S60 eventually creating a common mid-size sedan likely to retain the S60 name. The new S60 won't get a V-named wagon counterpart, however, which would be too close in concept to Volvo's standalone V70 and XC70 models. Do expect, however, an XC60 CUV model to be based on the XC60 Concept that debuted at the 2007 North American International Auto Show in Detroit last January.
Finally, as we recently reported, rumors of the larger XC90's demise have been exaggerated and Volvo's largest SUV is expected to get a refresh soon and a full-on replacement eventually. Clearly, however, Volvo sees future profits by filling out its small car lineup with versions of the C30 hatchback that will sell well all over the world, and not just the U.S.