Volvo to Cut Lineup Starting with the V50

In an effort to stop declining sales, Volvo is planning on cutting its current lineup to focus its energy on its best selling models. Volvo currently offers nine models, but Doug Speck, head of Volvo’s operations in the U.S.recently stated, “Five or six is probably a good number. We have to focus on the key segments with significant volume potential.”

The first model to get the axe will be the V50 wagon, since U.S. buyers are more inclined to crossovers than wagons. Speck did not state when that will happen. Volvo is still trying to decide what other models to cut, but for now will mainly focus on the new S60 sedan and the XC60 and XC90 crossovers.

Full Story: Bloomberg

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