In a bid to maximize their yearly profits, the Chief Executive of Volvo, Stefan Jacoby, stated that the company expects to sell nearly 200,000 cars in China by the year 2015.

For this, an estimated investment of whopping $11 billion is expected to be made by the company bosses. It is learnt that the company sold nearly 30,500 cars last year alone in China.

On Friday, after posting higher-than-expected quarterly earnings, the world's second-biggest truck manufacturers Volvo stated that their market growth would continue to be in double digits in both Europe and North America in 2011.

Many have raised questions on the working of Volvo's new pedestrian detection system, which is functioned to automatically halt the car, while seeing one walking.

An Australian website, Auto Advice, is reported to have posed doubts on the system. In addition, Videos have also supported the claim. However U.S. Volvo officials have posted that the system works perfectly.

The Volvo S60 first emerged in 2000 as a substitute for the 850 and the Swedish marque's 3 Series Challenger.

It has carried on since then with only small facelifts.

Now at last, the second-generation S60 has been sampled in Portugal this week and will come into sight here later in the year.

The mayor of London has been welcomed by Volvo today, to discuss the existing Congestion Charge exemption for hybrid and alternative fuel vehicles, as Volvo believes that the method of discounting is now outmoded as many contemporary conventionally-engined cars release less CO2 than most hybrids.

The C30's eco model, the DRIVe, has been on sale in Europe since 2008, but this restructured and altered model is the first in Australia to go on sale.

It I said that the C30 DRIVe is powered by a 1.6-litre turbo-diesel engine that generates 80kW of power and 240Nm of torque.

The Swedish company has announced the prices and full specification details of the all-new Volvo S60 models. For the top-of-the-range T6 AWD SE Lux Geartronic Premium, the prices range from £23,295 for the D3 ES up to £36,745. The ones, who wish to buy it, may place orders ahead of the car's arrival in dealer showrooms in July.

The new Volvo S60 is going be priced at a starting rate of 23,395 Pounds, this was revealed in an announcement made by the manufacturer.

Expressed by Volvo as a four-door car, the new sedan is designed to take on the contemporary class-leader, the BMW 3 Series.

Volvo launched its new touring race car which is based on the all-new S60. This is a track-friendly car, which will be raced in the Belgian Touring Car Series, this year. The car is powered by a 410 bhp 3.5L V6 engine.

Zhejiang Geely Holding Group is revealed to have agreed to undergo a binding deal on Sunday to acquire Sweden's Volvo Cars from Ford Motor Co., which is ambitious bid for the Chinese automaker, and also a challenge. The acquisition is actually a landmark deal for China's flourishing car industry that also poses serious challenges for Geely.