In 1997 Volvo introduced a two-door called the C70. The Volvo C70 was available as either a coupe or a soft top convertible. However, in 2002 Volvo discontinued the coupe, and in 2005 the soft top was replaced with a retractable hardtop convertible version. At the Paris Motor Show in 1996, Volvo unveiled its newest addition, and critics were thrilled with the model. It featured Volvo's classic safety highlights and incorporated a sporty class that had yet to be seen in Volvo's lineup.

The first generation of C70s was equipped with 5-cylinder turbo engines and a choice of either manual or automatic transmissions. The design of the original C70 was a collaboration of both American and Mexican designers. The C70 had left behind Volvo's recognizable squared off shaped and opted instead for a more aerodynamic and chiseled appearance. Manufactured in Sweden, the first generation of the C70 was available in four different colors and had two-toned leather upholstery.

In 2006, Volvo changed the entire dynamic of the C70. Rather than continuing with the coupe and soft top convertible, Volvo introduced a futuristic retractable hardtop. Built on the P1 platform, the second generation of the Volvo C70's hardtop retracts in a mere thirty seconds. The biggest complaint from owners of convertibles with hardtops has been that the retraction takes way too long. However, Volvo completely erased that concern with its version. The second generation is even more of a jump from Volvo's signature boxy style. The 2006 and beyond C70s feature curved edges and an overall sleek appearance. Also, the Insurance Institute for Highway Safety has given the Volvo C70 the "Top Safety Pick" for 2006 model year.

In the ten plus years that Volvo has manufactured its C70, it has been one of the maker's top sellers. Surely the rollover protection system, wealth of airbags, and elegant styling is a primary factor on the sales figures. Also, the 18 city MPG and 27 highway MPG certainly has not hurt the bottom line. The latest 2008 edition of the C70 also features more storage and meets the highest possible emissions regulations. Also added was the Volvo Navigation System that is built directly into the dash. The 2008 Volvo C70 is priced at a starting MSRP of $39,240 and has a 6-speed manual transmission and updated traction control. According to reviewers, the 2009 model year of the C70 is going to bring about even more dynamic changes that will certainly please potential buyers.