Volvo Cars to Challenge BMW, Daimler With V60 Wagon in Europe
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Volvo Cars, the Swedish automaker owned by Zhejiang Geely Holding Group Co., plans to challenge Bayerische Motoren Werke AG and Daimler AG with its new V60 station wagon in Europe.
Volvo forecasts annual sales of 50,000 of the V60, a sportier vehicle which goes on sale later this year, Tomas Ahlborg, the model’s project chief, said in an interview today from Verona, Italy, where the carmaker is holding test drives.