The Swedish brand has just released photos with the Volvo Air Motion, an ‘an ultra light clam shell sculptured vehicle’ that is lighter than an F1 car, in which up to three passengers can experience hear pumping experiences without the use of gasoline.
An 1/4 scale model of the Volvo Air Motion will be showcased at the 2010 Los Angeles Motor Show, and as far as the actual vehicle, it weights 1,000 lbs and has been designed to maximize driving enjoyment. 
Powered by simple compressed air motors which cool down under load, as opposed to combustion engines which need additional cooling systems, the Volvo Air Motion features an an integrated approach as far its chassis, interior and suspension.
Te air used for propulsion by the Volvo Air Motion is being compressed by Air
Replenishment Sites  which are powered by air turbines used to convert the wind into electricity.
Volvo press release :
Volvo Air Motion – an ultra light clam shell sculptured vehicle
A vehicle lighter than a Formula 1 racing car… Experiencing the adrenaline rush of carving through the canyons with up to 3 friends… Not using a drop of gasoline… Now just imagine if these dreams could be brought together in a single vehicle. During Los Angeles Auto Show a scale model of this car – Volvo Air Motion – will be on display and participates in the Design Challenge Competition.
Tipping the scales at under 1,000lbs the Volvo Air Motion Concept makes these dreams a reality and delivers this in a beautiful Scandinavian body. Designed like a clam shell and sculptured from ultra light carbon fiber.
Minimizing weight and complexity, while maximizing driving enjoyment, is the philosophy behind this vehicle. Thousands fewer components are employed than in a traditional car thanks to the powerful yet simple compressed air motors that replace a heavy internal combustion engine. The motors cool down under load rather than heat up, thus removing the need for heavy cooling systems. An integrated approach to designing the chassis, interior and suspension also contribute significantly.
To compress the air needed for the centrally mounted air tank, Air Replenishment Sites are used. Powered by air turbines floating 1,000ft in the air they harness the power of the wind and convert it to electricity to provide the compression.
Aimed at the driving enthusiast, by a company synonymous with safety and environmental care, the Volvo Air Motion demonstrates the beauty and purity of Scandinavian design and delivers a guilt free, raw driving experience.
Introducing a new form of exhilaration. The Volvo Air Motion Canyon Carver.
Facts about Volvo Air Motion – LAA
A 1/4 scale model will be displayed in the display area of the concourse that connects the South and West Halls at LA Auto Show. It will be on display during all press and public days. Press days Nov. 17-18 Public Days Nov. 19-28.
The winner will be presented on November 18 at 7 pm local time at the Designers Night Party at the Conga Rooms.
Facts about VMCC
Volvo Air Motion has been developed at Volvo Monitoring and Concept Center (VMCC) that opened in 1986. VMCC is situated in Camarillo, California. VMCC Air Motion Team: Chris Benjamin, Dean Bakker, Steve Goodrich, Bjorn Wessman, Doug Frasher, Dean Shaw and Geza Loczi.
Facts about the Design Challenge
Each year for the past seven years, a topical theme is chosen and the major Southern California automotive design studios are invited to compete in the Design Challenge. For the first time studios from Germany and Japan will join the competition adding an international dimension to the contest. The highly anticipated challenge allows studios to flex their creativity and explore new ideas in automotive design.
The theme this year addresses society’s shift toward minimizing consumption of the earth’s resources. The objective is to envision an efficient, light-weight, four passenger vehicle (not to exceed 1,000 lbs.), that is both comfortable and safe, while delivering satisfactory driving performance without sacrificing the styling consumers demand.

Source: Volvo