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Weekly Recap: Volvo buys Polestar, makes performance a priority

Volvo is taking its performance business in-house, and the Swedish carmaker announced Tuesday that it bought tuning company Polestar, which has long been known for producing sporty Volvos. The move allows Volvo to ramp up its performance business, and it plans to increase Polestar-branded vehicle sales to 1,000 to 1,500 annually, up from the 750 total projected for this year. The companies have been working together on motorsports projects since 1996. Financial terms of the sale were not released, and Polestar workers will move over to Volvo. Former Polestar owner Christian Dahl will keep control of the Polestar racing team and operate it under a new name. In addition to sales volume, Volvo has ambitious plans for other parts of Polestar, including its aftermarket business. Volvo also said it will use its twin-engine hybrid technology for Polestar models in the future, though specifics and timing were not revealed. Meanwhile, Volvo announced it will offer a run of 265 total Polestars in the United States for the 2016 model year, with S60 and V60s available. "Driving a Volvo Polestar is a special experience. We have decided to bring this experience to more Volvo drivers, placing the full resources of Volvo behind the development of Polestar as the model name for our high performance cars," Volvo CEO Hakan Samuelsson said in a statement. OTHER NEWS & NOTES 2016 Chevy Silverado, GMC Sierra, get nose jobs Automakers tend to refer to light updates as 'facelifts,' and that's exactly what Chevy gave the 2016 Silverado and GMC Sierra. Chevy slightly changed the front end of the truck. Using the one photo released of the new Z71 model as a guide, we can see that the headlights went from a stacked vertical design to single bulbs, and they are set on top of LED running lights. The grille has more body-colored elements instead of shiny metal, and the hood has a new line running down the middle (look really closely). The design theme will be similar across the portfolio, though materials and details will vary, a spokesman said. Some models, like the High Country and LTZ will have more chrome, and the LEDs are only for the upper trims. Chevy also said it will use the eight-speed automatic transmission on more versions of the Silverado, and it updated the MyLink feature to support Android Auto and Apple CarPlay.

Recharge Wrap-up: Shell stops AK ocean drilling, Lego Tesla Model S

Shell says it will halt exploratory drilling near Alaska's coast. While the oil giant has found some oil and gas below the waters, the amount it is finding is not worth the high costs of drilling. Shell also cites "the challenging and unpredictable federal regulatory environment in offshore Alaska" as part of its decision to move on from drilling in the Chukchi Sea, but it is possible public protests had an impact, too. Read more at Treehugger, and in the press release from Shell below. The University of Central Florida's Electric Vehicle Transportation Center will host the EV Transportation and Technology Summit from October 20 to 22 in Cocoa, Florida. The summit is geared toward businesses and organizations with the goals of increasing EV awareness, reviewing current and near future technology, and pointing out deployment achievements and challenges. While its coverage will be more general, the event will focus especially on planning and infrastructure requirements. Learn more at Hybrid Cars, or at the event website. The Tesla Model S still looks good when scaled down for a Lego minifig. A man named Cole Edmonson created a tiny brick version of the iconic EV, and managed to retain the car's distinguishing good looks. Edmonson provides a write-up detailing the process of creating the small, plastic Tesla copy. It's considerably more complicated than one would think. Check out the whole process at Brick Replicas, and read more from The Brothers Brick. Renault and Donfeng will build an electric car in China based on the Fluence ZE. The joint venture between the two automakers - called Dongfeng Renault Automotive Company (DRAC) - will produce the car in its Wuhan plant in 2017. The car will be sold solely in the Chinese market under a local Dongfeng brand. "This EV agreement illustrates Renault's engagement as partner of COP 21," says DRAC CEO Jacques Daniel. Read more at Green Car Congress, or in the press release below. Dongfeng and Renault agree to produce electric vehicles in China On the occasion of the visit of ZHU Yangfeng, Chairman of Dongfeng Group, at the Renault R&D center, Dongfeng Renault Automotive Company (DRAC) announces the production of its first electric vehicle in China. As part of the Joint Venture between Dongfeng and Renault, DRAC will produce an electric vehicle that is based on the Fluence Z.E.

Daimler divests remaining interest in Tesla

Back in 2009, Daimler acquired over 9 percent of Tesla. A couple of months later, it sold 40 percent of that stake to Abu Dhabi-based Aabar Investments. The following year, Tesla listed on the stock exchange and Daimler's interest was reduced to 4 percent. But now the German industrial giant has announced it is selling that 4 percent and divesting from Tesla altogether in a liquidation that is expected to raise approximately $780 million for Daimler. The divestment has also triggered speculation that the move could make room for rival German automaker BMW to take an interest in Tesla.
Despite the divestment, Daimler insists that its technological partnership with Tesla will remain unaffected. Mercedes sources the batteries for its B-Class Electric Drive (pictured above) from the Californian outfit in a deal that is not set to change as a result of the financial realignment. A similar collaboration was in place for the Smart Fortwo Electric Drive, however, now that the new generation of Smarts developed with Renault is on its way, it's possible that a next-generation Fortwo ED will use French tech instead as an extension of the partnership between Daimler and Renault-Nissan.
Daimler has also taken the occasion to point out that, between the Mercedes, Smart and various truck brands, it offers "the industry's biggest portfolio of electric vehicles," including pure EVs, fuel cells and hybrids. The automaker says it will introduce ten new plug-in hybrid Mercedes models by 2017.