Four models are available: 2.4 ($27,125); 2.4T ($31,625); T5 ($33,375); and 2.4T AWD ($33,375). The big difference between the first three models is the difference in horsepower; the AWD (all-wheel drive) is new for 2002.
The 2.4 comes with a 2.4-liter five-cylinder engine (yes, five cylinders) that produces 168 horsepower and 170 pounds-feet of torque.
The 2.4T uses a low-pressure turbocharger to generate 197 horsepower and 210 pounds-feet of torque; and that torque comes on at a much lower engine speed (1800 rpm instead of 4500 rpm), giving this model much better acceleration away from those intersections.
The T5 uses a high-pressure turbo to produce 247 horsepower and 243 pounds-feet of torque for quick, turbocharged throttle response.
The AWD uses the 197-horsepower 2.4T engine. When Volvo introduced this model in September, it was broadly suggested that the 247-horsepower T5 engine would become available in the AWD, most likely in less than a year.
All S60 models get a raft of safety and security items: front, side and head airbags up front; seats that move to reduce whiplash problems; an immobilizer and an alarm; a Safe Approach and Home Safe Lighting System; five head restraints; and anti-lock disc brakes. There are no significant mechanical changes in 2002, however a couple of important features that were optional in '01 are now standard: traction control (STC) and stability control (DSTC).
Convenience features common to every S60 include power windows, trunk release and door locks, illuminated visor mirrors, a trunk light, a tilt/telescopic steering wheel, heated seats, headlight wipers, power folding headrests, 60/40 split-folding rear seat, a pollen filter, air conditioning, cupholders front and rear, steering-wheel controls for the audio system, and remote keyless entry.