We’ve heard precious little about Volvo since Chinese automaker Geely bought the Swedish brand for $1.8 billion more than three years ago. Volvo soldiered on past the U.S. recession and into the European Union recession with a few concepts and almost no product update to show, while relying on much of the hardware it developed with former owner Ford Motor Company.
Volvo returns to the U.S. station wagon market next January with the new, midsize 2015 V60, which comes with a new powertrain called “VEA” while under development. It will be marketed as the Drive-E powertrain from here on. It starts with an inline four with a displacement of 1969 cc, and a turbocharger and balance-shafts. It makes 240 horsepower and 258 pound-feet of torque from 1500 to 4000 rpm, though a 10-second overboost produces 280 pound-feet after wide-open throttle gear changes.
The turbo four is coupled to an eight-speed automatic transmission feeding the power and torque through the front wheels in the V60. The Drive-E powertrain obviously will make its way into other Volvo products as they’re refreshed or replaced. The V60 wagon is just the first in a slew of new cars and crossovers planned for the next few years.