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Volvo Cars to stop funding Polestar, may hand stake to Geely

STOCKHOLM (Reuters) -Volvo Cars said on Thursday it would stop funding Polestar Automotive Holding and was handing responsibility for the struggling luxury car brand over to Volvo's top shareholder China's Geely Holding. The announcement sent the Swedish automaker's stock up more than 30% at market open. The heavy involvement by Swedish-listed Volvo Cars in Polestar, where it owns around 48% of the shares, has been criticised by analysts who see the stake as a drag on Volvo's resources. ....

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Volvo C40 Recharge launched in India at Rs 61.25 lakh: Range, battery, features

Cars News: The twin electric motors put out 408hp and 660Nm of torque. Volvo claims it can sprint from 0-100kph in 4.7 seconds and top speed is limited to 180 kp ....

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Volvo plans to unveil first electric MPV soon | Borneo Bulletin Online

ANN/CHINA DAILY – Volvo, the Swedish automaker, is planning to introduce its inaugural electric multi-purpose vehicle (MPV), the EM90, in November, a high-ranking executive said. Senior Vice-President of Volvo and Chief Executive Officer of Volvo Asia-Pacific Yuan Xiaolin said the MPV category is rapidly expanding in China, which has held the title of the world’s […] ....

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Car Review: 2021 Volvo S60 T5 R-Design

The novelties start with the design, and the Swedish automaker is in a class of its own. Clean and subtle, though far from conservative, the exterior flair is kicked up a notch with the eye-catching “Thor’s Hammer” headlights. While plenty of automakers have signature lighting elements, the sideways T-shaped shine from Volvo’s illuminators is elegant, especially compared with other automakers’ attempts to stand out (see: humongous, eye-searingly ugly BMW grilles and tacky illuminated Mercedes grilles).
There are practically zero accent lines to interrupt the design, and Volvo avoids going big with the grille to exaggerate a sporting pedigree with this R-Design trim model. Multi-spoke wheels help the vehicle look speedy when at a standstill, but that’s a trick used throughout the industry. ....

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volvo electric vehicles: Goodbye gas: Volvo to make only electric vehicles by 2030

The Swedish automaker said Tuesday that it is phasing out the production of all cars with internal combustion engines including hybrids. "There is no long-term future for cars with an internal combustion engine, said Henrik Green, Volvo s chief technology officer. ....

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