Start with what the Volvo 260 is: a car with gasoline engine, from Volvo. What it meant takes a little longer.
Under the skin
The engine is gasoline engine. These are manufacturer figures carried by Wikipedia and Wikidata, not road-test measurements.
In context
In the Volvo line-up the Volvo 260 has a clear place: the factory was Torslanda. Nearby in the Volvo catalogue sit the Volvo 144 and the Volvo 264 TE.