diff --git a/Makefile.in b/Makefile.in
index f4862903678..da0256b129b 100644
--- a/Makefile.in
+++ b/Makefile.in
@@ -9,28 +9,22 @@ include config.mk
 export PATH := $(dir $(CFG_RUSTC)):$(PATH)
 
 ifeq ($(CFG_RELEASE_CHANNEL),stable)
-CFG_RELEASE=$(CFG_RELEASE_NUM)
 CFG_PACKAGE_VERS=$(CFG_RELEASE_NUM)
 else ifeq ($(CFG_RELEASE_CHANNEL),beta)
-CFG_RELEASE=$(CFG_RELEASE_NUM)-beta$(CFG_PRERELEASE_VERSION)
 CFG_PACKAGE_VERS=beta
 else ifeq ($(CFG_RELEASE_CHANNEL),nightly)
-CFG_RELEASE=$(CFG_RELEASE_NUM)-nightly
 CFG_PACKAGE_VERS=nightly
 else ifeq ($(CFG_RELEASE_CHANNEL),dev)
-CFG_RELEASE=$(CFG_RELEASE_NUM)-dev
 CFG_PACKAGE_VERS=$(CFG_RELEASE_NUM)-dev
 endif
 
 # allow build systems to use a constant date instead of the current one
 CFG_BUILD_DATE = $(shell SOURCE_DATE_EPOCH="$${SOURCE_DATE_EPOCH:-$$(date +%s)}" ; date -u -d "@$$SOURCE_DATE_EPOCH" +%F 2>/dev/null || date -u -r "$$SOURCE_DATE_EPOCH" +%F 2>/dev/null || date -u +%F)
 
-ifeq ($(wildcard $(CFG_SRC_DIR)/.git),)
-CFG_VERSION = $(CFG_RELEASE) (built $(CFG_BUILD_DATE))
-else
-CFG_VER_DATE = $(shell git --git-dir='$(CFG_SRC_DIR).git' log -1 --date=short --pretty=format:'%cd')
-CFG_VER_HASH = $(shell git --git-dir='$(CFG_SRC_DIR).git' rev-parse --short HEAD)
-CFG_VERSION = $(CFG_RELEASE) ($(CFG_VER_HASH) $(CFG_VER_DATE))
+ifneq ($(wildcard $(CFG_SRC_DIR)/.git),)
+CFG_COMMIT_DATE = $(shell git --git-dir='$(CFG_SRC_DIR).git' log -1 --date=short --pretty=format:'%cd')
+CFG_SHORT_COMMIT_HASH = $(shell git --git-dir='$(CFG_SRC_DIR).git' rev-parse --short HEAD)
+CFG_COMMIT_HASH = $(shell git --git-dir='$(CFG_SRC_DIR).git' rev-parse HEAD)
 endif
 PKG_NAME = cargo-$(CFG_PACKAGE_VERS)
 
@@ -58,7 +52,25 @@ endif
 
 S := $(CFG_SRC_DIR)/
 
+CFG_RELEASE_PARTS := $(subst ., ,$(CFG_RELEASE_NUM))
+CFG_VERSION_MAJOR := $(word 1,$(CFG_RELEASE_PARTS))
+CFG_VERSION_MINOR := $(word 2,$(CFG_RELEASE_PARTS))
+CFG_VERSION_PATCH := $(word 3,$(CFG_RELEASE_PARTS))
+
 export CFG_VERSION
+export CFG_VERSION_MAJOR
+export CFG_VERSION_MINOR
+export CFG_VERSION_PATCH
+ifneq ($(CFG_PRERELEASE_VERSION),)
+export CFG_PRERELEASE_VERSION
+endif
+ifneq ($(CFG_COMMIT_HASH),)
+export CFG_COMMIT_HASH
+export CFG_COMMIT_DATE
+export CFG_SHORT_COMMIT_HASH
+endif
+export CFG_BUILD_DATE
+export CFG_RELEASE_CHANNEL
 export CFG_DISABLE_CROSS_TESTS
 
 ifeq ($(OS),Windows_NT)
diff --git a/src/bin/cargo.rs b/src/bin/cargo.rs
index c9149c51af5..8b9d1a23573 100644
--- a/src/bin/cargo.rs
+++ b/src/bin/cargo.rs
@@ -128,7 +128,18 @@ fn execute(flags: Flags, config: &Config) -> CliResult<Option<()>> {
     let _token = cargo::util::job::setup();
 
     if flags.flag_version {
-        println!("{}", cargo::version());
+        let version = cargo::version();
+        println!("{}", version);
+        if flags.flag_verbose > 0{
+            println!("release: {}.{}.{}",
+                     version.major, version.minor, version.patch);
+            if let Some(ref cfg) = version.cfg_info {
+                if let Some(ref ci) = cfg.commit_info {
+                    println!("commit-hash: {}", ci.commit_hash);
+                    println!("commit-date: {}", ci.commit_date);
+                }
+            }
+        }
         return Ok(None)
     }
 
diff --git a/src/cargo/lib.rs b/src/cargo/lib.rs
old mode 100644
new mode 100755
index 46daa9441e7..b1e4198f829
--- a/src/cargo/lib.rs
+++ b/src/cargo/lib.rs
@@ -26,6 +26,7 @@ extern crate toml;
 extern crate url;
 
 use std::env;
+use std::fmt;
 use std::io;
 use rustc_serialize::{Decodable, Encodable};
 use rustc_serialize::json;
@@ -49,6 +50,62 @@ pub mod ops;
 pub mod sources;
 pub mod util;
 
+pub struct CommitInfo {
+    pub short_commit_hash: String,
+    pub commit_hash: String,
+    pub commit_date: String,
+}
+
+pub struct CfgInfo {
+    // Information about the git repository we may have been built from.
+    pub commit_info: Option<CommitInfo>,
+    // The date that the build was performed.
+    pub build_date: String,
+    // The release channel we were built for.
+    pub release_channel: String,
+}
+
+pub struct VersionInfo {
+    pub major: String,
+    pub minor: String,
+    pub patch: String,
+    pub pre_release: Option<String>,
+    // Information that's only available when we were built with
+    // configure/make, rather than cargo itself.
+    pub cfg_info: Option<CfgInfo>,
+}
+
+impl fmt::Display for VersionInfo {
+    fn fmt(&self, f: &mut fmt::Formatter) -> fmt::Result {
+        write!(f, "cargo-{}.{}.{}",
+               self.major, self.minor, self.patch)?;
+        match self.cfg_info.as_ref().map(|ci| &ci.release_channel) {
+            Some(channel) => {
+                if channel != "stable" {
+                    write!(f, "-{}", channel)?;
+                    let empty = String::from("");
+                    write!(f, "{}", self.pre_release.as_ref().unwrap_or(&empty))?;
+                }
+            },
+            None => (),
+        };
+
+        if let Some(ref cfg) = self.cfg_info {
+            match cfg.commit_info {
+                Some(ref ci) => {
+                    write!(f, " ({} {})",
+                           ci.short_commit_hash, ci.commit_date)?;
+                },
+                None => {
+                    write!(f, " (built {})",
+                           cfg.build_date)?;
+                }
+            }
+        };
+        Ok(())
+    }
+}
+
 pub fn execute_main_without_stdin<T, V>(
                                       exec: fn(T, &Config) -> CliResult<Option<V>>,
                                       options_first: bool,
@@ -201,15 +258,47 @@ fn handle_cause(mut cargo_err: &CargoError, shell: &mut MultiShell) -> bool {
     }
 }
 
-pub fn version() -> String {
-    format!("cargo {}", match option_env!("CFG_VERSION") {
-        Some(s) => s.to_string(),
-        None => format!("{}.{}.{}{}",
-                        env!("CARGO_PKG_VERSION_MAJOR"),
-                        env!("CARGO_PKG_VERSION_MINOR"),
-                        env!("CARGO_PKG_VERSION_PATCH"),
-                        option_env!("CARGO_PKG_VERSION_PRE").unwrap_or(""))
-    })
+pub fn version() -> VersionInfo {
+    macro_rules! env_str {
+        ($name:expr) => { env!($name).to_string() }
+    }
+    macro_rules! option_env_str {
+        ($name:expr) => { option_env!($name).map(|s| s.to_string()) }
+    }
+    match option_env!("CFG_RELEASE_CHANNEL") {
+        // We have environment variables set up from configure/make.
+        Some(_) => {
+            let commit_info =
+                option_env!("CFG_COMMIT_HASH").map(|s| {
+                    CommitInfo {
+                        commit_hash: s.to_string(),
+                        short_commit_hash: option_env_str!("CFG_SHORT_COMMIT_HASH").unwrap(),
+                        commit_date: option_env_str!("CFG_COMMIT_DATE").unwrap(),
+                    }
+                });
+            VersionInfo {
+                major: option_env_str!("CFG_VERSION_MAJOR").unwrap(),
+                minor: option_env_str!("CFG_VERSION_MINOR").unwrap(),
+                patch: option_env_str!("CFG_VERSION_PATCH").unwrap(),
+                pre_release: option_env_str!("CFG_PRERELEASE_VERSION"),
+                cfg_info: Some(CfgInfo {
+                    build_date: option_env_str!("CFG_BUILD_DATE").unwrap(),
+                    release_channel: option_env_str!("CFG_RELEASE_CHANNEL").unwrap(),
+                    commit_info: commit_info,
+                }),
+            }
+        },
+        // We are being compiled by Cargo itself.
+        None => {
+            VersionInfo {
+                major: env_str!("CARGO_PKG_VERSION_MAJOR"),
+                minor: env_str!("CARGO_PKG_VERSION_MINOR"),
+                patch: env_str!("CARGO_PKG_VERSION_PATCH"),
+                pre_release: option_env_str!("CARGO_PKG_VERSION_PRE"),
+                cfg_info: None,
+            }
+        }
+    }
 }
 
 fn flags_from_args<T>(usage: &str, args: &[String], options_first: bool) -> CliResult<T>
diff --git a/src/cargo/ops/registry.rs b/src/cargo/ops/registry.rs
index f3c8de93415..f8ca6dbc403 100644
--- a/src/cargo/ops/registry.rs
+++ b/src/cargo/ops/registry.rs
@@ -225,7 +225,7 @@ pub fn http_handle(config: &Config) -> CargoResult<Easy> {
     handle.connect_timeout(Duration::new(30, 0))?;
     handle.low_speed_limit(10 /* bytes per second */)?;
     handle.low_speed_time(Duration::new(30, 0))?;
-    handle.useragent(&version())?;
+    handle.useragent(&version().to_string())?;
     if let Some(proxy) = http_proxy(config)? {
         handle.proxy(&proxy)?;
     }