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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.

BMW ‘i' subbrand aims for 2013 launch

BMW has confirmed that the new subbrand through which it intends to market a range of advanced stand-alone hybrid, range-extended and plug-in electric models will be called BMW “i.” Created to develop, produce and market what BMW's head of marketing, Ian Robertson, describes as “innovative solutions to premium mobility,” the brand will be supported by a company established by BMW called i Ventures, through which the German carmaker plans to grow its range of mobility services. The i3 and the i8 will be the initial models and are planned for introduction in 2013. “These cars have been designed specifically for their respective alternative drive systems,” said Klaus Draeger, head of BMW's R&D operations.

Russo and Steele auction remains closed

The Russo and Steele Collector Automobile Auction remained closed on Saturday as work crews continued to asses damage and clean up from high winds that destroyed two tents at the auction site in Scottsdale, Ariz., on Thursday night. In a message posted on the Russo and Steele Web site, CEO Drew Alcazar said he would meet with consignors of the cars at the auction on Saturday morning. He added that the auction would remain closed on Saturday but that Russo and Steele would work to hold auction sessions on Sunday and Monday.