According to Auto Motor und Sport Volvo has put his small SUV, which could be called XC30 or XC40, on hold because their current Ford-based platform is not flexible enough to be used on a new crossover and their new Scalable Platform Architecture (SPA) is too large for the model.
So now Volvo has to solve a big problem and fast, because that segment is growing fast with vehicles like the BMW X1 and Audi Q3 arriving soon. Volvo has been in contact with several car makers to reach an agreement in platform sharing.
Source: WorldCarFans