Not 24 hours since the first rumblings of a surprising-but-unlikely Volvo V8 Supercar program surfaced publicly, it's become clear that a confirmation of such a program is imminent. In fact, it could happen as soon as later this month.
According to Australian racing outlet Speedcafe, the program will be an evolution of the current Fujitsu Team GRM program run by Garry Rogers, with both Holdens becoming GRM-built Volvo S60s for the 2014 season. Both Volvo and Rogers himself have already refuted these rumors, but it seems that since their comments have been made further sources have come out to say that such a program is happening, and that the announcement may take place on the 17th of June.
The only major issue still standing between this idea and Volvo S60 bodied V8 Supercars on track? The sourcing of an engine. While V8 Supercar rules normally mandate a loosely production based engine, an exception could be made for a new manufacturer entering the series, and according to the very same Speedcafe report, a generic engine partially developed by the V8 Supercar sanctioning body could be taken off the shelf and further developed by GRM to become the heart of the Volvo racers. From there, it's as simple as Volvo of Australia developing and then wind tunnel testing an aerodynamic kit to be fitted to the existing GRM frames.
Garry Rogers Motorsport isn't an extremely successful program, but for a private team it's been very competitive, particularly in the 2013 season where it already has one win. Since they do not receive any factory money from their current manufacturer (Holden), the factory deal that Rogers had long been seeking would be an all around winning proposition for the organization that could see it finally push to the level of championship contender.
Volvo's racing history is spotty at best, never staying truly dedicated as a factory to one series and only targeting lower level national touring car series with any sort of sincerity, so this partnership, which would immediately put them in winning cars in an internationally relevant, non-production based series, would be a historic step for the marque. The company has, however, already shown a small presence in the series: associate sponsorship of multiple teams through their trucking arm. The program will join Swedish Touring Car Championship cars prepared by Polestar and K-Pax Racing developed Pirelli World Challenge racers as members of the Volvo racing stable.
Sadly, the Volvo NASCAR racer pictured above (from the definitely-not-a-hoax "Volvos in NASCAR" Facebook group) is not nearly as close to fruition, with FAS Lane Racing or any other team.