2001 Volvo V70 Xc Cross Country Calif Car In Beautiful Condition 3rd Seat 4x4 !! on 2040-cars

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Polestar gets $1.6 billion boost from Volvo, other big stakeholder

Polestar said on Thursday it had secured $1.6 billion in financing from its two main shareholders to help it deliver its growth plans amid volatile markets. Volvo, which co-founded the brand with China's Geely in 2017, said it would provide an $800 million loan to the firm. Its other major shareholder, PSD Investment, will provide the same amount through "direct and indirect financial and liquidity support," Polestar said. Volvo, which owns just over 48% in Polestar, said its loan included options for Volvo to convert some of its loans to equity in a potential future equity raising by Polestar. "We welcome the continued support from our major shareholders at a time when the capital markets are volatile and unpredictable," Polestar CEO Thomas Ingenlath said in a statement. The Sweden-based carmaker said the funding, alongside previously secured resources, would provide the company with sufficient funds through 2023. In June, Polestar was listed on the Nasdaq through a merger with a special purpose acquisition company (SPAC). Volvo, like other major carmakers, has in recent years invested heavily in making its own electric vehicles and has also said it was committed to supporting Polestar. Volvo aims to sell only fully electric cars by 2030, while Polestar has a goal to launch three more cars by 2026. In February, Volvo formed a joint venture with battery manufacturer Northvolt to build a battery plant in Gothenburg which would produce battery cells specifically for electric Volvo and Polestar cars. However, carmakers and suppliers are struggling as costly investments in an electric future coincide with rampant inflation and soaring energy prices. Polestar's third quarter results are due on Nov. 11 Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. 2024 Polestar 3 revealed

Junkyard Gem: 2012 Volvo C30 T5 with 6-speed manual

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. The C30 was a cool-looking two-door hatchback that borrowed some styling influences from the the beloved 1800ES shooting brake. The biggest problem with it in the United States was that two-doors and hatchbacks in general no longer enticed many potential buyers into signing on the line which is dotted. The U.S.-market 2012 C30 came with a 2.5-liter turbocharged straight-five engine rated at 227 horsepower and 236 pound-feet, and owners could buy the Polestar Performance software upgrade to increase those numbers to 250 horses and 273 pound-feet. That made for a respectably quick machine with its curb weight of just 3,200 pounds. The six-on-the-floor manual was base equipment; if you wanted the five-speed automatic, the cost was $1,250 more ($1,711 in 2024 dollars). This is a base T5 model, so its MSRP was $24,950. That's about $34,159 after inflation. The C30 was discontinued after the 2013 model year, after many years of underwhelming sales numbers here. This one looked to have been in very nice cosmetic condition when it arrived here, so we can assume that it suffered some costly mechanical malfunction. There's more to life than a Volvo. That's why you drive one. There was an English-language version of this ad, but I prefer the Swedish one. The previous commercial dared to show a manual transmission, but the car in this ad has the slushbox. Is it ugly or is it beautiful?

Recharge Wrap-up: Volvo's efficient truck concept, Tesla's updated mobile charger is cheaper

Mercedes-Benz plans to equip its gasoline-powered cars with particulate emissions filters, just like its diesel vehicles. Claiming to be the first automaker to apply the technology to gasoline motors, successful testing in the S500 led to the decision to expand the use of these filters. This announcement coincides with a $3.35 billion investment in clean diesel technology, including a new four-cylinder engine that adheres to strict emissions guidelines. It's not clear when Mercedes will begin including the filters on its gasoline vehicles, or if it intends to use them outside of Europe. Read more at Green Car Reports. Tesla has updated its mobile charger and given it a lower price. The 40-amp "Mobile Connector Bundle" – which used to sell for $650 – is now priced at $550 with two adapters and a storage bag, with an available $520 version offered without the adapters. Tesla's product description reads, "The Corded Mobile Connector has an integrated 240 volt 50 amp rated plug for high power output. A seamless design provides a low profile connection, allowing for use with covered outdoor outlets." Read more at Electrek. Volvo has developed a new truck concept that reduces fuel consumption by more than 30 percent. The modified Volvo FH 420 long-haul truck, simply called the Volvo Concept Truck, features 40 percent better aerodynamic efficiency, a weight reduction of about 4,400 pounds, and tires with lower rolling resistance. The truck's rear view mirrors have been replaced by cameras, which, in addition to reducing drag, also improve safety through better visibility. While the research vehicle won't reach market as-is, some of its aerodynamic features have already been included in real-world applications, with more to come as Volvo aims to improve the efficiency of its trucks by 50 percent. Read more at Green Car Congress, and in the press release below. Volvo Trucks' new concept truck cuts fuel consumption by more than 30% Almost one-third lower fuel consumption. Volvo Trucks' new concept vehicle shows how it is possible to drastically boost productivity in long-haul operations. Among the secrets behind these remarkable fuel savings are aerodynamic design and lower kerb weight. With support from the Swedish Energy Agency, Volvo Trucks has developed a new concept vehicle, the Volvo Concept Truck. It is the result of a five year long research project aimed at creating more energy-efficient vehicles.