Well it sounds like this is not likely to be real competition:
http://www.autoblog.com/2012/07/13/v...ar-s60-a-prod/
Much cheaper than the original one-off, but still much too high. On the other hand, US pricing tends to be much lower than abroad so maybe they could get this down to $100k USD. Or with some concessions, perhaps down to $80k USD which might actually make it feasible. Although really I think $60k USD as much as most folks would really be willing to pay for a Volvo, even a very fast one.