Can Volvo play small ball?

UPDATED: 5/29/16 12:50 pm ET - corrected

Volvo's first entry into the compact crossover segment, the XC40 arriving late next year, is meant to capitalize on the market's seeming unquenchable thirst for these vehicles. It will be a key element in the China-owned Swedish brand's push to expand U.S. sales.

VW goal: 1 million electrified vehicles by 2025

Volkswagen Group expects it will have to sell about 1 million battery electric and plug-in hybrid vehicles a year worldwide by 2025 to fulfill

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