The S40 and V50 have given Volvo a legitimate alternative to the less-expensive cars from other import luxury brands. We'd go so far as to call these small Volvos sport sedans (or wagons, as the case may be), and with substantial improvements for 2008, the S40 and V50 are better than ever.Changes for 2008 are about as extensive as one expects between complete model overhauls. Both the S40 sedan and V50 wagon get a fresh look, thanks to restyled front and rear ends. Interior improvements add small-item storage space, and all models now come standard with an auxiliary audio jack and USB port. In the Volvo fashion, there are also safety enhancements, including a feature that automatically starts the emergency flashers in the event of a collision. Volvo's BLIS blind-spot monitoring system and active Bi-Xenon headlights are now optional on the both S40 and V50. On the performance side, the turbocharged T5 models get a boost from 218 to 227 peak horsepower.Click here to read more