Diane Kuryiko:

Volvo will slash product development time to 20 months when it adds a second new vehicle architecture, r&d chief Peter Mertens said.
 
 The replacement for the V40 and other compact cars will use Volvo’s new compact modular architecture, or CMA, “and from then on,” all cars will take 20 months to develop, he said.
 
 Toyota and Mazda take about 26 months to develop vehicles, Mertens said.
 
 Volvo’s compact V40 five-door hatchback unveiled in 2012 took 42 months to develop, he said.

Via Roman Mališka.