Volvo acquires 100% of Polestar

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Volvo Cars has acquired 100% of the Swedish performance company, Polestar and the Polestar brand will now be used as the model name for special high performance Volvos. Volvo and Polestar have been doing business together since 1996 and had an agreement to jointly develop Polestar versions of Volvo cars with more power and handling improvements. Volvo’s twin engine electrification technology will now be used by Polestar also to develop next generation performance cars.

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