Volvo has dimissed speculation it as planning to join the Australasian V8 Supercars championship.
The Swedish manufacturer was believed to be the next car giant aiming to join the competition after Nissan and Mercedes' inclusions in this year's championship.
But Volvo, which won the 1986 Australian Touring Car Championship and the 1998 Bathurst race, denies it intends returning to the circuit.
