After years of buying diesel engines from other manufacturers, Volvo will get its own in-house common-rail unit in spring 2001.
The 2.4-liter, 163hp, five-cylinder engine will be offered in all of Volvo's large cars: the S80 and S60 sedans and the V70 station wagon.
The all-aluminum engine weighs 185kg. It will replace an engine Volvo has been purchasing from Volkswagen.
The new engine outperforms the outgoing unit in almost every area, Volvo officials say. It generates 163hp compared with 140hp. Acceleration from 0-100kph is 9.9 seconds -more than a second faster. Fuel consumption is 6.4 liters per 100km.
The Volvo engine has a new cylinder head with four valves per cylinder and a double overhead camshaft. It meets European Stage III emission requirements.
The new engine will be built at Volvo's engine plant in Skovde, Sweden. At the beginning it will only come with a manual transmission.