Jump to content
William Maley

Volvo News: Volvo Buys Part Of Polestar

Recommended Posts


Earlier this week saw a big announcement from Volvo. The Swedish automaker has purchased a part of Polestar Performance - the company behind some of the hottest Volvos in recent years. The deal will have Volvo taking in Polestar Performance division and the Polestar trademarks. The racing arm of Polestar was not included in the deal and will go with a new name.

 

Driving a Volvo Polestar is a special experience. We have decided to bring this experience to more Volvo drivers, placing the full resources of Volvo behind the development of Polestar as the model name for our high performance cars," said Håkan Samuelsson, president and chief executive of Volvo Cars in a statement.

 

The two companies have been working together since 1996 - racing in a variety of series from Swedish Touring Cars to V8 Supercars. The past few years have seen the two work on production models with a bit more oomph.

 

Volvo says in their statement that more S60 and V60 Polestar models will be built in the coming year (750 to 1,000-1,500 models). Also, Polestar is beginning to work on building performance-oriented hybrid models.

 

Source: Volvo

 

Press Release is on Page 2


 

Volvo Cars buys 100 per cent of Polestar
Volvo Cars, the premium car maker, has acquired 100 per cent of Polestar, the Swedish high performance car company, including the Polestar brand. Polestar will now be used as the model name for special high performance Volvos.
Polestar will also in future utilise Volvo’s twin engine electrification technology to develop next generation performance cars.
Volvo is the largest manufacturer of plug in hybrid cars in Europe and leader in advanced vehicle electrification technology. Volvo currently develops and manufactures some of the most powerful, most environmentally-friendly hybrid engines in the automotive industry.

 

Volvo and Polestar share a long history. They have been working in motor sport since 1996 and in recent years signed a cooperation agreement to jointly develop Polestar versions of Volvo cars that combine a comfortable Volvo driving experience with a very high level of power and handling.

 

“Driving a Volvo Polestar is a special experience. We have decided to bring this experience to more Volvo drivers, placing the full resources of Volvo behind the development of Polestar as the model name for our high performance cars,” said Håkan Samuelsson, president and chief executive of Volvo Cars.

 

In 2015, Volvo expects to sell 750 Polestar versions of the V60 wagon and S60 sedan globally. Polestar sales are forecast to increase to between 1,000 and 1,500 cars a year in the medium term under Volvo’s ownership.

 

The Polestar brand is already firmly established internationally through the sale of Polestar-branded Volvos. Volvo will also benefit from the sale of aftermarket Polestar performance optimisation kits for existing Volvos.

 

No financial details of the deal have been disclosed. Existing Polestar Performance employees will become Volvo employees.

 

The Polestar racing team will remain under the control of Christian Dahl, the former owner of Polestar, and will be renamed. The Polestar brand will continue to work alongside Christian Dahl.

 

“We are extremely satisfied with the way the performance business with Volvo has developed. But we are a racing team first and foremost. This is an opportunity to return our full attention to our core business – to develop and race Volvo cars,” said Christian Dahl.


View full article

Share this post


Link to post
Share on other sites

This is exciting for Volvo, hopefully it will bring a better over all portfolio.

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




  • Similar Content

    • By William Maley
      Within the next few weeks, Volvo will unveil the all-new S60 sedan. It will be the first model in Volvo's lineup to not be offered with a diesel engine.
      “Our future is electric and we will no longer develop a new generation of diesel engines. We will phase out cars with only an internal combustion engine, with petrol hybrid versions as a transitional option as we move towards full electrification. The new S60 represents the next step in that commitment,” said Håkan Samuelsson, president and chief executive of Volvo Cars in a statement.
      This news isn't that surprising when you back at comments made by Samuelsson in 2016.
      Starting next year, Volvo will begin rolling out their electrification strategy that will see all-new Volvo models be equipped with either a mild-hybrid, plug-in hybrid, or full-electric powertrains. By 2025, Volvo is expecting 50 percent of new cars to be fully electric.
      Source: Volvo


      Volvo Cars to eliminate diesel from the new S60 sedan
      The new Volvo S60 sedan - to be launched later this spring - will be the first Volvo to be produced without a diesel engine, highlighting Volvo Cars’ commitment to a long-term future beyond the traditional combustion engine.
      All new Volvo models launched from 2019 will be available as either a mild petrol hybrid, plug-in petrol hybrid or battery electric vehicle. This is the most comprehensive electrification strategy in the car industry and Volvo Cars was the first traditional car maker to commit to all-out electrification in July 2017.
      “Our future is electric and we will no longer develop a new generation of diesel engines,” said Håkan Samuelsson, president and chief executive of Volvo Cars. “We will phase out cars with only an internal combustion engine, with petrol hybrid versions as a transitional option as we move towards full electrification. The new S60 represents the next step in that commitment.”
      Last month, Volvo Cars reinforced its electrification strategy, by stating that it aims for fully electric cars to make up 50 per cent of its global sales by 2025. The announcement was made at the 2018 Beijing Auto Show, positioning it as a powerful player in China, the world’s leading market for electrified cars.
      The new S60, a premium mid-size sports sedan, is based on Volvo’s in-house developed Scalable Product Architecture (SPA), which also underpins the company’s award-winning new 90 Series and 60 Series cars. The S60’s estate sibling, the V60, was launched earlier this year in Stockholm.
      The new S60 will initially be available with a range of four-cylinder Drive-E petrol engines as well as with two petrol plug-in hybrid versions. Mild hybrid versions will follow next year.
      Production of the new S60 will start this fall at Volvo Cars’ brand new manufacturing facility outside Charleston, South Carolina. The Charleston plant will be the only manufacturing  location for the new S60, meaning American-built S60s will be sold in the US market as well as overseas through exports.

      View full article
    • By William Maley
      Within the next few weeks, Volvo will unveil the all-new S60 sedan. It will be the first model in Volvo's lineup to not be offered with a diesel engine.
      “Our future is electric and we will no longer develop a new generation of diesel engines. We will phase out cars with only an internal combustion engine, with petrol hybrid versions as a transitional option as we move towards full electrification. The new S60 represents the next step in that commitment,” said Håkan Samuelsson, president and chief executive of Volvo Cars in a statement.
      This news isn't that surprising when you back at comments made by Samuelsson in 2016.
      Starting next year, Volvo will begin rolling out their electrification strategy that will see all-new Volvo models be equipped with either a mild-hybrid, plug-in hybrid, or full-electric powertrains. By 2025, Volvo is expecting 50 percent of new cars to be fully electric.
      Source: Volvo


      Volvo Cars to eliminate diesel from the new S60 sedan
      The new Volvo S60 sedan - to be launched later this spring - will be the first Volvo to be produced without a diesel engine, highlighting Volvo Cars’ commitment to a long-term future beyond the traditional combustion engine.
      All new Volvo models launched from 2019 will be available as either a mild petrol hybrid, plug-in petrol hybrid or battery electric vehicle. This is the most comprehensive electrification strategy in the car industry and Volvo Cars was the first traditional car maker to commit to all-out electrification in July 2017.
      “Our future is electric and we will no longer develop a new generation of diesel engines,” said Håkan Samuelsson, president and chief executive of Volvo Cars. “We will phase out cars with only an internal combustion engine, with petrol hybrid versions as a transitional option as we move towards full electrification. The new S60 represents the next step in that commitment.”
      Last month, Volvo Cars reinforced its electrification strategy, by stating that it aims for fully electric cars to make up 50 per cent of its global sales by 2025. The announcement was made at the 2018 Beijing Auto Show, positioning it as a powerful player in China, the world’s leading market for electrified cars.
      The new S60, a premium mid-size sports sedan, is based on Volvo’s in-house developed Scalable Product Architecture (SPA), which also underpins the company’s award-winning new 90 Series and 60 Series cars. The S60’s estate sibling, the V60, was launched earlier this year in Stockholm.
      The new S60 will initially be available with a range of four-cylinder Drive-E petrol engines as well as with two petrol plug-in hybrid versions. Mild hybrid versions will follow next year.
      Production of the new S60 will start this fall at Volvo Cars’ brand new manufacturing facility outside Charleston, South Carolina. The Charleston plant will be the only manufacturing  location for the new S60, meaning American-built S60s will be sold in the US market as well as overseas through exports.
    • By William Maley
      Volvo is finishing up an immense product rollout that began with the XC90 only a few years ago. So what's next on the Swedish automaker's to-do list? As we reported last July, Volvo is gearing up for an electrification offensive beginning in 2019 with five new electric vehicles and a number of mild-hybrid and plug-in hybrid models. Because of this, the automaker isn't planning to launch like a convertible or a rumored SUV coupe.
      “It would be nice to have a convertible or a coupe. It’s the cream on the cake but you don’t need it to survive,” said Lex Kerssemakers, Volvo's Europe, Middle East and Africa (EMEA) boss.
      “We cover 98% of the market with our current portfolio. Our electrification goals show we are taking it very seriously and we are rapidly expanding our electrified powertrains.”
      Autocar reports that the new XC40 crossover will be the first Volvo model to get an all-electric powertrain.
      Source: Autocar

      View full article
    • By William Maley
      We've long suspected that the next-generation 60 Series family would look quite similar to the larger 90 series. After seeing the XC60 and upcoming V60 wagon, we seem to be on the money. But what about the upcoming S60? Thanks to Swedish magazine Teknikens Värld, we have gotten our first look.
      The publication got their hands on a photo showing various Volvo vehicles in a garage, most likely a test center of some kind. Front and center in the picture is the new S60. The overall profile matches up with the S90 sedan, but Volvo's designers have made some changes to make the S60 standout. The window line along the side has been raised slightly towards to the rear to give it a slightly sporty look. The license plate has moved from the bumper to the trunk lid. There are some other details such as the blacked-out wheels and integrated rear spoiler which lead us to think this is some kind of sports package - possibly R-Line.
      It won't be long before Volvo debuts the new S60. At the moment, the reveal is expected to take place sometime this summer.
      Source: Teknikens Värld, Motor Trend

      View full article
    • By William Maley
      During the press reveal of the Volvo V60 earlier this week, Volvo CEO Håkan Samuelsson and his colleagues took the time to answer some questions concerning the future of the Swedish brand. Road & Track jotted down some of the interesting bits from this.
      End of the road for Gas Engines
      Volvo made a surprising announcement last year with plans to electrify their entire lineup beginning in 2019. This includes mild-hybrid, plug-in hybrids, and electric vehicles. It seems this plan will also mark the end of development of gas engines. The current line of turbo and twin-charged engines represent the last new gas engines from the brand. Instead, Volvo will add more powerful electric motors to boost overall power. Down the road, Volvo hopes to follow Polestar by only offering pure EVs.
      Next-Gen SPA Platform to Lose Weight
      Volvo's current SPA modular platform isn't what you would call light. The V90 wagon can weigh as much as 4,561 pounds. The next-generation SPA platform, due out in 2021 will shed some weight.
      More Polestar Tuned Volvos Are Coming
      When Polestar was spun off to be its own brand, there were a number of people worried that it was end of the line for models like the S60/V60 Polestar. Not so according to Road & Track. A team of Polestar engineers will continue to operate in Sweden while the rest of the company sets up shop in China. They'll be tasked with making the next-generation Volvo models go fast and handle. No mention of when to expect new Polestar models or what they'll be based on.
      Other tidbits,
      The next-generation S60 sedan will begin rolling off the company's new Charleston, South Carolina assembly plant towards the end of this year. We're expecting to see Volvo debut the new model sometime before then, possibly the late summer or early fall. Volvo will also be conducting more design and R&D work in the U.S. This is partly due to the U.S. playing a crucial role in Volvo's future plans. The next-generation Sensus infotainment system, due in 2019, will be based on Google's Android smartphone OS. We hope this means a simpler user interface. Source: Road & Track

      View full article
  • My Clubs

  • Recently Browsing

    No registered users viewing this page.

  • Reader Rides

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.