In August 1974, Volvo presented a new generation of cars called the 240 and 260 Series.
These new models had been developed from the 140 series and were very similar to their predecessors. The changes included a new front, large bumpers and a further-developed chassis, featuring a front-wheel suspension system of the McPherson type.
In connection with the introduction of the 240 family, a new 4-cylinder engine family with an overhead camshaft began to be used. The previous 4-cylinder was still used for some time in basic versions.
For a short period, the Volvo 244 could also be specified with a V6 engine. A popular alternative on some markets made its appearance in 1979 - the market's first 6-cylinder diesel in a passenger car (a 5-cylinder diesel engine was offered for some markets).
The new 240/260 family had been developed with rigorous safety requirements in mind. They were, in fact, so rigorous that the car was used as the standard car for safety developments by the authorities in the USA.
Volvo's 240 model almost became a classic in its own lifetime as it was produced for nearly 20 years. On two occasions, the car was given a major facelift, for the 1981 and 1986 model years. In all, more than 2.8 million cars in the 240/260 series were built.