Volvo’s V60 station wagon will be the first car in the company’s lineup to offer the new Drive-E powertrain.

Saying it is targeting best-in-class performance and best-in-class fuel economy, Volvo Cars of North America announced engines for the Volvo V60 sportswagon that will hit American shores in January.

The V60 in front-drive guise will be powered by the new Drive-E family while all-wheel-drive models will be powered by engines from Volvo’s current lineup.

The Drive-E gasoline engines that will be offered is the two-liter, turbocharged, 240-horsepower version.

“This is an exciting time of transformation for Volvo and shows our Swedish heart is beating strongly,” said Volvo Cars of North America President and CEO John Maloney. “The V60 signifies our first step in a gradual move toward powerful, highly efficient, four-cylinder engines across the entire portfolio of our vehicles.”

U.S. V60 customers can choose between the new engine and some current engines until Volvo transitions solely to Drive-E.

The Drive-E equipped V60 will be known as the T5 and will produce 240 horsepower and 258 pound-feet of torque.

A T5 AWD will also be offered, but powered by the current 5-cylinder turbocharged engine, offering 250 horsepower and 266 pound-feet of torque.

At the top of the power heap is the performance-tuned T6 engine offered in the V60 R-Design, making 325 horsepower and 354 lb.-feet of torque.

The smaller, lighter Drive-E engines deliver, according to Volvo, considerably lower emissions and higher fuel economy savings — ranging from 13 to 26 percent depending on the engine to which they are compared. They also offer the opportunity to be augmented by electrification.

Specific fuel economy numbers will become available shortly before cars with Drive-E powertrains reach retail outlets early next year.

As expected, pricing and specifications will be announced at a later date.