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China’s Zhejiang Geely Holding Group is selling the entirety of its Class B shares in truckmaker Volvo AB that were worth 14.46 billion Swedish krona ($1.32 billion) at the close of trading in Stockholm.
Given Polestar's status as a relatively new car company, it can afford to be bold. The brand proved that with the Polestar 1, its jaw-dropping debut coupe that doesn't get enough love if you ask me. It's done it again with the Polestar 4, a 544-horsepower electric crossover that looks slick but… has no rear window. That's cool, Polestar can do what it wants, but its sister company Volvo isn't following suit.
Mercedes-Benz is testing its all-electric C-Class sedan under snowy conditions in Sweden. Expected to go on sale next year, the electric C-Class will have distinctive LED lighting elements, a sculpted front grille, and a futuristic silhouette, signaling a departure from conventional combustion engine designs.
Every year, fewer new vehicles are available in the United States with manual transmissions (though the ancient five-on-the-floor still exists… for now). American Volvo buyers preferred three-pedal setups in their cars later than some, though even they had mostly fallen out of love with manuals by the time the 1990s dawned. Still, some stubborn holdouts kept demand for the once-beloved gearbox technology alive here, until Geely-owned Volvo axed the manual transmission for the U.S. market after the 2013 model year. The final three-pedal Volvo sold here was the C30, and I've found one of those rare machines in a New Orleans car graveyard.
I've encountered many car enthusiasts with a weirdly spiritual relationship with the defunct Swedish automaker Saab. Zurich Classic Motors owner Mark Skinner takes it to another level, lovingly maintaining one of the coolest Saabs I've ever seen and keeping it in a garage that's almost as interesting as the car itself.
On April 14, 1927, Swedish entrepreneurs Assar Gabrielsson and Gustaf Larsson produced the first example of their first car, the Volvo ÖV4. The open-topped car rolled off the assembly line, an engineer put it in first gear, and… the car rolled backward.
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STOCKHOLM — Polestar saw a 40% drop in first-quarter deliveries, the Swedish electric vehicle (EV) said on Thursday, as the sector struggles with slowing demand.