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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.

Mitsubishi Compact Crossover revealed

The new Mitsubishi Compact Crossover Mitsubishi is working to re-align itself in the market place. It wants to be seen as a manufacturer of ‘environment-friendly passenger cars & crossovers’ instead of an SUV focused manufacturer. It sees cars like the i-MiEV, Colt, Lancer, Grandis and Outlander as the future, although it intends remaining in the ‘Authentic off-roader’ segment with cars like the Shogun.

GM cuts Facebook ad spending, but Ford steps on the gas

On the eve of Facebook's wildly anticipated initial public stock offering, General Motors said May 15 that it will stop buying advertisements on Facebook--about $10 million a year--but "remains committed" to the social network as part of "an aggressive content strategy with all our products and brands." In other words, GM will not pay Facebook for ads but will continue to maintain content, for which Facebook doesn't collect revenue. News of the decision was reported in The Wall Street Journal. But GM's position is far from universal.