The Hot Rod Jakob commemorates Volvo's 80th anniversary with modern technology and styling cues from the first Volvo

At a glance, it looks like a Ford Model T-based T-Bucket street rod.  Cool, but nothing we've never seen before.  Look closer, though:  this custom-built work of art actually comes from Volvo.  The staid Swedish manufacturer has proven time and again that it can let down its hair and party when the mood strikes.

To celebrate the company's 80th anniversary, Volvo commissioned designer and rodder Leif Tufvesson to create a rod based on his impressions of the very first Volvo, the 1927 ÖV4--affectionately known as the Jakob.  The result, after two years of design and construction work, is the Hot Rod Jakob, unveiled this month at the Volvo Museum in Göteborg.

The hand-built aluminum-bodied Hot Rod Jakob rides on a custom carbon-fiber chassis, and bears a clear resemblance to its inspiration.  It shares the right curves and lines from the radiator grille up to the windscreen.  The signature Volvo grille ensures that even hot-rod newbies won't think it's a Ford once they've gotten past the first glance.  Tufvesson's vision is ultra-clean, with most of the working components hidden under the body panels to let the narrow, two-seat body and fat exposed wheels (19-inches up front and 22 in the rear, designed to resemble the ÖV4's wood-spoked wheels) with specially cut, Volvo logo-treaded tires tell the story.  

The body's custom-built, but off-the shelf Volvo parts are used in the spirit of a true hot rod, including a P1800 steering wheel and column, a five-speed manual transmission from a Volvo 960 and brake components from a 140.   The Hot Rod Jakob is powered by a 265-horsepower, flexible-fuel turbocharged five-cylinder.  

The Hot Rod Jakob will begin a tour of Scandinavia and the United States later this year.  There's no word on whether a drag race with Chevrolet's 1934 FlexFuel hot rod show car has been scheduled...but it would be cool.

Gallery: Very First Volvo Reborn as A Street Rod