Added on July 14, 2015  The News Wheel

Volvo Aquires Polestar as Its In-House Tuning Badge

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Financial terms of the deal have not been released, but it has been reported that all Polestar employees will now become employees of Volvo.
Volvo has just disclosed they have purchased the performance company Polestar and will be incorporating it as its in-house tuning badge similar to what Mercedes did with AMG in 1993.