Introduced in early 1984 (in the U.S. and Australia for the 1985 model year), the 740 arrived nearly two years after the luxurious 760. It was the lower-end version of the original 760, intended to be a mid-size car that offered more style, performance, and luxury than the 200 series. The '4' in the middle of the Volvo model name had once signified a four-cylinder engine, but by the time of the introduction of the 740 it simply meant less luxurious equipment as four- and six-cylinder engines were fitted across both ranges. The 740 was available as a four-door sedan (sometimes referred to as the 744) and a five-door station wagon (also known as the 745). The station wagon premiered simultaneously at the 1985 Toronto and Chicago auto shows in early February 1985. The wagon was aimed squarely at the North American markets and only went on sale in Europe several months later, in the fall of 1985.