The V50 is the station wagon version of the Volvo S40 compact near-luxury car / small family car, produced by the Swedish automaker Volvo Cars.It is based on the Volvo P1 platform shared with the Mazda Mazda3, and the new European Ford Focus. Ford Motor Company's Premier Automotive Group assembles the V50 at the Volvo factory in Ghent, Belgium. Volvo Cars Special Vehicle also produced a concept car based on the V50, the V50 SV, whose engine produces 340 hp (179 kW), and debuted at the 2004 Specialty Equipment Manufacturers Association tradeshow in Las Vegas, Nevada.