Last year, Volvo CEO Stefan Jacoby said the Swedish automaker planned to expand its presence in China, doubling sales by 2021 and securing at least 20 percent of the premium luxury market alone 2015.
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Volvo is issuing recalls of its 2013 S80 sedan and XC70 station wagon due to an issue with the vehicles' tire pressure monitoring system, or TPMS.
Volvo has unveiled a new platform as well as higher prices on all future models.
The Volvo C70 Convertible will soon be getting a Viking burial, but it appears there are plans for a replacement.