2007 Volvo Xc70 Base Wagon 4-door 2.5l on 2040-cars

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2024 Volvo XC40 and XC60 won't offer front-wheel-drive trims

There's more movement in the Volvo lineup. The year has already seen the XC40 Recharge and C40 Recharge get rear-wheel-drive powertrains, more powerful motors, and better range, plus the introduction of the EX30 city crossover. Apparently, now it's time to take some options away. Car and Driver reports the gas-powered XC40 and XC60 crossovers won't be available with front-wheel drive anymore. The 2023 XC40 offers a B4 mild hybrid drivetrain with a 2.0-liter four-cylinder sending 194 horsepower and 221 pound-feet of torque to the front axle. That goes away, leaving the B5 AWD mild hybrid powertrain, its 2.0-liter four-cylinder making 247 hp and 258 lb-ft. The B5 upgrade adds $2,000 to the cost, meaning the 2024 XC40 will likely run at least $39,645 before potential model-year price increases are applied.     The 2023 XC60 comes in three trims. One of them utilizes a front-wheel-drive version of the above mentioned B5 mild hybrid setup, another employs the B6 AWD mild hybrid powertrain centered around a supercharged and turbocharged 2.0-liter four-cylinder making 295 hp and 310 lb-ft. Both of those will be dropped in the coming model year. The sole remaining trim gets down the road with the B5 AWD powertrain. Before any possible price increases, the 2024 XC60 will run $47,045. The S60 sedan gets in on the pruning as well, shedding the limited-volume Polestar Engineered variant. Introduced for the 2019 model year as a flourish to Volvo completing its all-new lineup, the S60 Polestar Engineered's retuned T8 plug-in hybrid system paired a supercharged and turbocharged two-liter four-cylinder with a rear-mounted electric motor for a combined 415 hp and 494 lb-ft. In the five years since introduction, output has climbed to 455 hp and 523 lb-ft., and the purchase price went from a subscription-only $1,100 per month to an MSRP of $68,050. The equipment chosen to harness such potential includes adjustable Ohlins dampers, six-piston Brembo front brake calipers behind forged 19-inch wheels — those wheels an inch smaller than on the debut version, a change likely made because of the notably stiff ride. At this point, the only Polestar Engineered trims left in the Volvo lineup next year will be be found on the V60 and XC60.

Jaguar turns down offers to join V8 Supercars, questions AMG, Volvo participation

Rumors have swirled in recent weeks that Jaguar may be the next manufacturer to join the V8 Supercars racing series, made popular in Australia but now well-known in other parts of the world as well. Sadly, Jag's participation is not to be. In fact, it would be "insane," according to Jaguar Land Rover Asia Pacific Managing Director David Blackhall, for it to accept either of the two offers it has received to bring Jaguar into V8 Supercars.
Not only is Jaguar not interested in entering V8 Supercars, says Blackhall, it also fails to understand the recent entries from AMG and Volvo. "I don't know what it does for AMG to get flogged by a V8 Commodore week after week, but it's their brand, their issue. And the same thing will happen to Volvo to be honest."
Judging by Blackhall's statements to motoring.com.au, after not-so-serious consideration, the automaker decided the monetary commitment it would take to compete for wins would be more than any potential exposure would be worth, despite the fact that Jaguar has a 5.0-liter V8 to go along with what would seem to be a tailor-made rear-wheel-drive chassis. For what it's worth, one offer would have had Jaguar putting its name across an engine made by someone else, an option that was flatly turned down.

Volvo Cars leaps 22% in IPO stock debut — a big endorsement for EVs

Volvo Cars CEO Hakan Samuelsson at the automakers' stock market opening bell on Friday in Stockholm. (Getty Images)   STOCKHOLM — Volvo Cars shares surged 22% on their Stockholm market debut on Friday after wrapping up Europe's biggest IPO of the year so far, in a boost for new issues markets and carmakers' vision of an electric future. The Gothenburg-based company cut the size of its listing and priced it at the bottom of a previously-announced range UPDATE 3-Volvo Cars gives itself $18 bln price tag as cuts IPO size - Reuters News on Monday, valuing it at just over $18 billion and making it Sweden's second largest listing yet. But the successful deal and strong market reaction — which propels the valuation to about $22 billion — is a lift for a European automotive industry that has embarked on a challenging transition towards electric vehicles (EVs). It also shows that while the euphoria over initial public offerings (IPO) in the first half of 2021 is over, the market is open for new listings of big companies with a story to tell. Volvo Cars Chief Executive Hakan Samuelsson said the listing showed a recognition of its transition plans, adding it would be key for Volvo to demonstrate it is on track to be the "fastest transformer." "There's a much bigger interest in the market to invest in electric car makers than in the conventional ones. So we better do what we said we would," he told Reuters in an interview. Shares in the carmaker, which is majority owned by China's Geely Holding, were trading at 64.70 Swedish crowns ($7.59) at 1057 GMT, after being priced at 53 crowns in the IPO. Polestar Apart from Volvo's commitment to becoming a purely electric carmaker by 2030, it also has a 49% stake in EV venture Polestar, which said in September it would go public through a $20 billion deal. Samuelsson said Polestar had a "good valuation." "They are already electric... showing in a way what the potential would be for Volvo if this (the transformation) is done in the right way." A source familiar with Volvo's transaction said the outcome of this week's IPO was good, even though investors had pushed back and forced Volvo to price at the bottom of the announced range. "The company had to compromise on size and the governance structure. They were hoping for a read across on Polestar, but they were clearly not getting that," the source said, requesting anonymity because they were not authorised to speak to the press.