Speaking at the New York motor show, Doug Speck, Volvo Cars' senior vice president marketing, sales and customer service, indicated that the new V60 will arrive early 2014.

The announcement came as Volvo presented the global debut of the R-Design version of the car.

‘The V60 builds upon our wagon heritage, and it's a beautiful evolution in design and direction for Volvo,’ said John Maloney, president & CEO of Volvo Cars of North America. ‘Many consumers will be glad to see the addition of this exciting sports wagon to the Volvo lineup in America. And this time, we've added sophistication with the dynamic driving performance of a sedan.’

Pricing and specifications will be announced at a later date.