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Here's what the 2014 Volvo V60 wagon will cost

The Volvo V60 has been a moderate hit in Europe, and this month it's finally set to go on sale in the U.S. The five-door station wagon will offer one engine from the automaker's new Drive-E family of powerplants, gasoline engines that will use turbocharging and direction injection, in a package slightly smaller than the existing XC70 station wagon. All-wheel drive and front-wheel drive will both be on the menu, with the the base version of the V60 T5 front-wheel drive station wagon starting at $36,215.

Ford posts best June sales performance in down market

In a month of sandbagged auto sales, Ford was the clear winner. The Blue Oval posted a sales decline of “just” 10.7 percent in June, in a market that fell nearly 27.7 percent. It was by far the best showing of any major carmaker, helped by strong sales of its Fusion sedan and Escape crossover.

VW's wild new 496-hp Golf GTI

UPDATED: Volkswagen has revealed a 496-hp version of the seventh-generation Golf GTI as part of activities at this year's Worthersee fan meet in Austria – and with it, projected the hot hatchback into the same league as some of the world's most celebrated supercars. Dubbed the Design Vision GTI, the radical new concept showcases a twin-turbocharged 3-liter V6 engine developed for use in upcoming models that, like the new Golf GTI, are based around Volkswagen's highly flexible MQB (modular transverse architecture) platform structure. Set to find its way into selected new Volkswagen models in future years, the direct injection engine replaces the Golf GTI's turbocharged 2.0-liter inline four, and is mounted transversely in the engine bay of the Design Vision GTI.