That leaves the Swedish automaker with a hole in its product line, a gap that competitors will gladly fill.
To solve this, Volvo’s CEO, Stefan Jacoby, has confirmed that the automaker will launch an all-new V40 five-door to compete with the BMW 1-Series and the Audi A3.
The V40 will break cover at March’s Geneva Motor Show in just a few weeks.
While we can’t tell much from the blacked-out silhouette shown above, the previous teaser pictured below reveals that the V40 may borrow front-end styling cues from the S60 sedan, which we say is a good thing. We like the upswept character line and gently sloping roof, too, so the V40 probably won’t disappoint in the looks department.
Sadly, there's a strong chance the regular V40 won't be sold in the U.S. though it's highly likely that any crossover version would given American buyers' penchant for crossovers and SUVs.
We’ll bring you more information on the Volvo V40, as well as all other breaking news, as part of our complete Geneva Motor Show coverage so stay tuned for an update once press days commence on March 6.