New 2012 Volvo C30 Out?

Rumor has it that Volvo will cancel its C30 three-door hatchback by mid-2012. Its customers are supposed to move up into a new five-door station wagon called V40 or a crossover called XC40. I like the C30, although it annoyed me that Volvo persistently played up its 1800ES heritage and suppressed the 480ES, which was closer in concept to the C30. I owned one of the last 480 Turbos, factory-ordered in the summer of 1995, and enjoyed it immensely. It was quick, luxurious, and handled extremely well.