Volvo has acquired a 100% stake in Sweden-based Polestar, following an on-going collaboration since 1996.
The partnership initially started in motorsport, but in recent years it was expanded to road-going hot Volvo models which received Polestar's expertise. In 2015, Volvo aims to sell 750 units of the Polestar-tuned S60 and V60 worldwide while in the years to come the number is estimated to grow to 1,000 – 1,500 units annually now that Polestar is part of Volvo's portfolio.
Financial details regarding this major deal are not available at this point, but we do know that from now on all of Polestar's employees will be part of Volvo's staff. Their next project is to work on the twin engine technology currently employed in the second-gen XC90 T8 Twin Engine where a turbocharged & supercharged 2.0-liter engine is mixed up with an electric motor to enable a combined output of 394 bhp (293 kW) so spicy iterations of this setup will go well beyond the 400 bhp mark while keeping fuel consumption and CO2 emissions at a low level.