Cars
Volvo Revamps Its Best-Selling SUV as Carmaker Considers an IPO
- XC60 SUV to compete in crowded segment with BMW’s X3, Audi Q5
- Model to be available as third plug-in hybrid in Volvo range
CEO Says Volvo Creating Jobs by Using Free Trade
Volvo Car Group, moving toward a public stock listing, unveiled a revamped version of its best-selling XC60 that’ll compete with Audi’s Q5 and Mercedes-Benz’s GLC in a crowded marketplace for compact sport utility vehicles.
Going on sale this year, the vehicle takes its design cues from Volvo’s successful top-of-the-line XC90 SUV and features the same safety systems, such as driving assistance to prevent head-on collisions. It can also steer and brake by itself up to a speed of 130 kilometers (80 miles) an hour on highways, Volvo said in a presentation at the Geneva International Motor Show.