Volvo Holds Off on New Flagship
Following in the footsteps of the successful Volvo S60 sedan, Volvo was under contract to work on a new flagship. But for now, those plans have been put on hold.
According to Automotive News, Volvo CEO Stefan Jacoby stated they have no current plans to release a competitor and flagship anytime soon. When Geely purchased Volvo last year, it had laid out the goal of Volvo producing more upscale models as competition for German luxury…