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Volvo to unveil luxury sedan next year to boost sales

Carmaker is targeting S90 at potential buyers of BMW 5-Series, Mercedes E-Class or Audi A6

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TRUE PREMIUM ALTERNATIVE: Mr Samuelsson plans to introduce the S90 in January, as part of a strategy to both increase sales and come closer to matching the German competitors' profitability.

Munich

VOLVO Car Group will introduce a new luxury sedan next year that will replace its struggling S80 model as the Swedish company takes on cars from BMW, Mercedes-Benz and Audi in a bid to boost annual deliveries 60 per cent by the end of the decade.

"We will have a true premium