Apparently, the Volvo V40 isn’t being imported to North America; but nobody said the Cross Country wasn’t coming here, did they?
The iconic V70 ended up being usurped by the XC60. The V50 wagon was effectively replaced by the XC60. And with Audi, BMW and Mercedes offering entry-level compact luxury cars (the A3, X1 and the upcoming A/B-Class), Volvo has an opening for their own entry. The V40 Cross Country is a bit more crossover-esque than the standard V40, but the upshot is available all-wheel drive.
Powertrains include three diesels (not going to happen, sorry) and two gasoline engines; a 1.6L 4-cylinder, which is unlikely to come here, and Volvo’s venerable 2.5L 5-cylinder turbocharged engine. If the V40 drives anything like the XC60, then the 2.5L with AWD would be a very compelling package. Fingers crossed.