Volvo Car Corporation, a Sweden-based automaker, is planning to develop a small hatchback to compete with the MINI and the Audi A1.
If the project receives approval the Sweden-based automaker will look for a partner to divide the cost of developing its platform and its engine. The automaker has not taken a decision if the partner will be China-based Geely, or another automaker with no current partnership with Volvo.
CEO, Stefan Jacoby, said, ‘My priority is to bring the Scalable Platform Architecture online and to renew Volvo’s core ranges, the 60, the 80/90 and the SUVs. When I have managed this, I will look to diversification, going into niches, doing sporty versions and also looking to smaller cars.’
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