Volvo to unveil luxury sedan next year to boost sales

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 alternative to the three German brands," chief executive officer Hakan Samuelsson said in an interview at the company's headquarters in Gothenburg. "That's really what we're working with", as Volvo targets annual sales of 800,000 vehicles by about 2020.