Volvo is reportedly considering a return of the wagon model shortly after discontinuing the V60, according to TDS.
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Welcome to The Downshift, or TDS for short, which is The Drive’s morning roundup of automotive news, delivering the biggest headlines from around the world.
The Downshift condenses stories into brief summaries with links to the original sources for the complete articles. Here’s the news worth paying attention to for Wednesday, July 15, 2026.
🔊 The newest episode of The Drivecast, The Drive’s weekly podcast, is set to go live later today. Be sure to check it out on The Drive, Apple Podcasts, or Spotify.
🫎 Reports suggest that Volvo is considering the development of a new electric midsize sedan and wagon for the U.S., which is expected to debut in 2028, according to Automotive News citing sources familiar with the situation. These models are already under development for the European market, so this initiative would only involve certification for sale in the U.S. Volvo ceased production of its last wagon for the U.S., the V60 Cross Country, in April. [Automotive News]
💥 The National Highway Traffic Safety Administration is assessing reports of fourth-generation Honda Odyssey minivans experiencing unexpected airbag deployments without a significant G-force trigger. This model, produced from 2011 to 2017, includes over 800,000 vehicles in the U.S. It is not classified as a recall yet, although it could escalate to that; according to the department, 10 owners have reported similar occurrences. [Autoblog]
⛽ Earlier in the decade, Cadillac had planned to phase out all gasoline vehicles by 2030. However, a recent report indicates that some enduring gas models, such as the CT5, XT5, and XT6, will undergo redesigns or extended production. [Automotive News]
📉 Lucid’s stock dropped over 50% on Tuesday following reports that the emerging EV manufacturer might be considering going private or filing for Chapter 11 bankruptcy. Lucid has confirmed it is collaborating with a restructuring advisor but has denied any intentions of bankruptcy. [Bloomberg]
🆕 Toyota has revealed the 2027 Corolla Hatchback, now with a price increase of $700, starting at $26,095. The updated model features a larger infotainment screen with physical buttons for volume instead of a knob, and an optional new 12.3-inch instrument cluster on the higher XSE trim. [Toyota]
🤑 A 1990 E30 BMW M3 Sport Evolution has set a new auction record at the RM Sotheby’s Woodcote Park Auction, fetching £404,375, or $523,000. With just 2,798 miles on the clock, it’s important to note that the lighter and more powerful Sport Evo variant is significantly rarer than a standard E30 M3, with only 600 units produced. [CarBuzz]
🧑🔬 BMW and Toyota are conducting a pilot program in Spain to evaluate 20 vehicles using Repsol’s synthetic fuel over a six-month timeframe. [BMW]
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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.
Volvo is reportedly considering a return of the wagon model shortly after discontinuing the V60, according to TDS.
Reports suggest that Volvo is contemplating the introduction of an electric wagon in the U.S. following the discontinuation of the V60 Cross Country in April.