Of course good news like this only comes for the Europeans. Volvo is introducing a new 2.4L 5-cylinder diesel engine for its S80 sedan. The new D5 engine will be available in the UK starting mid-2009 and Volvo will soon release pricing and further specification closer to launch.

What we do know right now is that the engine has sequential twin-turbochargers and piezoelectric fuel injectors that allows it to produce a total of 205-hp with a maximum torque of 310 lb-ft of torque. That allows for a fuel-economy figure of 45.6mpg (38 mpg U.S.) and CO2 emissions of 164g/km.

The new D5 engine is also equipped with ceramic glow-plugs, an innovative solution that allows cold-starting properties via a very quick warm up period.