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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.

Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Infiniti M

Less than two years after the mid-life facelift of its 'M' series luxury sedan range, Infiniti has taken the wraps off an all-new 2011 version. Launched 'virtually' at the recent Pebble Beach Concours d'Elegance, the third-generation M is scheduled to be publicly unveiled later this year bearing toned-down styling cues from the company's Essence concept. The influence of the Essence is most apparent in the sedan's undulating character line and the way that the hood plunges down to meet a low-set front grille complete with concave outer edges.