Volvo is reportedly considering a return of its wagon lineup shortly after discontinuing the V60, according to TDS.
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Welcome to The Downshift, or TDS for short, The Drive’s morning roundup of automotive news, featuring major headlines from around the world.
The Downshift summarizes stories in brief blurbs with links to the original sources for the complete reports. Here’s what you should catch up on for Wednesday, July 15, 2026.
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🫎 According to Automotive News, citing sources close to the matter, Volvo is reportedly considering a new electric midsize sedan and wagon for the U.S., potentially launching in 2028. These vehicles are said to be in development for the European market, so this initiative would simply qualify them for sale in the U.S. Volvo’s last wagon for the U.S., the V60 Cross Country, saw its production cease in April. [Automotive News]
💥 The National Highway Traffic Safety Administration is investigating reports of fourth-generation Honda Odyssey minivans deploying their airbags unexpectedly without a significant force trigger. This model was produced from 2011 to 2017, encompassing over 800,000 vehicles in the U.S. While it hasn’t been labeled a recall yet, it could escalate to one; reports indicate that 10 owners have experienced this issue. [Autoblog]
⛽ Earlier this decade, Cadillac was anticipated to phase out all gasoline vehicles by 2030. However, that plan has changed, with a report indicating that some longstanding gas models, such as the CT5, XT5, and XT6, will receive redesigns or extended production. [Automotive News]
📉 Lucid’s stock plummeted over 50% on Tuesday following a report suggesting the fledgling EV manufacturer might be considering going private or filing for Chapter 11 bankruptcy. Lucid has confirmed it is working with a restructuring advisor but has denied any intentions to file for bankruptcy. [Bloomberg]
🆕 Toyota has revealed the 2027 Corolla Hatchback with a $700 price increase. Now starting at $26,095, the latest model features a larger infotainment screen with physical volume buttons instead of a knob, along with an optional new 12.3-inch instrument cluster in the higher XSE grade. [Toyota]
🤑 A 1990 E30 BMW M3 Sport Evolution recently set a record at the RM Sotheby’s Woodcote Park Auction, selling for £404,375, or $523,000. This coupe has a mere 2,798 miles on the clock, and it’s important to highlight that the lighter and more powerful Sport Evo variant is significantly rarer than the standard E30 M3, with only 600 units produced. [CarBuzz]
🧑🔬 BMW and Toyota are conducting a pilot program in Spain testing 20 vehicles using Repsol’s synthetic fuel over a six-month duration. [BMW]
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Volvo Allegedly Considering a Return of the Wagon Immediately After Discontinuing the V60: TDS
It has been reported that Volvo is contemplating introducing an electric wagon in the U.S., following the discontinuation of the V60 Cross Country in April.
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Volvo is reportedly considering a return of its wagon lineup shortly after discontinuing the V60, according to TDS.
It has been reported that Volvo is contemplating the introduction of an electric wagon in the United States, following the discontinuation of the V60 Cross Country in April.