In my opinion, Volvo needs to do the following:
1. Rationalise model range - get rid of s60
2. Fix the following ownership issues:
- Cost of ownership: Depreciation and service costs make it as expensive as Benz or BMW
- Driving experience: They do not need to be sports cars but they need to be refined. Driving experience (handling, ride) is inferior to Benz, BMW. Rear wheel drive needs to be looked at. It is unbelieveable that the S80 has such poor reviews in this regard.
3. Stake out a position as "green/safe/practical/economical/understated" and do it quickly. BMW is already advanced on H2 and hybrids.
4. Be very careful about making Volvos "cool" or "sexy". Maybe something truer to #3 is more appropriate. The risk is that the car looks like your dad trying to boogie