2003 Volvo VCCEnlarge Photo
In keeping with this philosophy Jacoby admits that it’s “too early” for Volvo to be building high-end cars that would rival the likes of the BMW 7-series and Mercedes-Benz S-Class. This is despite Geely founder and chairman Li Shufu previously mentioning those two particular models as future rivals for Volvo.
Instead Volvo will focus on improving its global reputation, especially in China, and step up research and development efforts in order to maximize sales and return to profitability. Another key task is to build up volume. As Jacoby revealed in a recent interview with Autocar, Volvo would need to be selling at least 800,000 cars per year before any upmarket models would even be considered.
Pictured above is the 2003 Volvo VCC concept car, which at one point was believed to be a preview of a new flagship model to be called the XC100. It was expected to feature an advanced hybrid powertrain and establish a new luxury crossover niche similar to what BMW has done with the 5-Series GT and to a lesser extent what Mercedes-Benz originally did with the R-Class.