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Volvo to use Oz as test bed for more Polestar models?

We've already told you about the slightly more awesome version of the Volvo S60 that our friends Down Under can now get their hands on. And according to Aussie site Drive.com.au, Volvo may look to the land of Oz for future testing of new, Polestar-tuned, high-performance models.
Volvo has reportedly confirmed that this S60 Polestar run will be an exercise in testing the acceptance of the Swedish tuner's presence as a proper competitor for things like BMW's M division or Mercedes-Benz's AMG. (A tall order, for sure.) "The world is watching this exercise with much interest," Volvo Cars Australia boss, Matt Braid, told Drive.com.au.
Hans Baath, Polestar Managing Director, reportedly hinted that the tuning house had already begun work on a hotter version of the V40 hatchback, but the project was scrapped in order to get the S60 program rolling. If there's success to be found here, this smaller hot hatch could be revisited, as well as a more powerful version of the XC60 crossover.

Geely to sell $1.3 billion of Volvo Truck shares

China’s Zhejiang Geely Holding Group is selling the entirety of its Class B shares in truckmaker Volvo AB that were worth 14.46 billion Swedish krona ($1.32 billion) at the close of trading in Stockholm. In a statement, Geely said the divestment is “in accordance with its long-term strategy” and that it will remain VolvoÂ’s second-largest investor with 88.5 million A shares. “Geely HoldingÂ’s strategic adjustment and inclusion of AB Volvo in its automotive manufacturing and investment portfolio is part of the groupÂ’s risk management and diversified investment strategy,” the company said.   Geely is offering the 49.5 million shares through BofA Securities, Goldman Sachs Bank Europe and Barclays, according to a term sheet. The Sweden-based holding company that owns GeelyÂ’s stock guided that itÂ’s selling for SEK285.9 a share, a more than 2% discount from its closing price. Volvo reported first-quarter operating profit that beat analystsÂ’ expectations on Wednesday, as the truckmaker offset waning orders by charging higher prices. The company has been reducing production as demand returns to more typical levels following a post-pandemic recovery period. Its shares have advanced 12% this year. Geely pared its stake in Volvo in January and also sold some of its holding in Volvo Car AB in November. The holding company behind one of ChinaÂ’s most prominent carmakers early this year had to bail out Polestar, the struggling electric-vehicle manufacturer it started along with Volvo Car.   Earnings/Financials Volvo Truck Commercial Vehicles volvo trucks

Driveable Volvo V70 wagon built from 400,000 Lego pieces

We've seen life-size Lego vehicles before, but a Swedish man has created the ultimate brick-built car. That's because David Gustafsson's 1:1 scale Volvo wagon actually drives. Volvo recently shared some photos from the Ecar Expo in Gothenburg, Sweden, where the Lego car was on display. One would think that to undertake such a project it would be easiest to re-create an older Volvo, like a 240 or 740 wagon. After all, those were so boxy they earned the nickname Turbo Bricks as a term of endearment from enthusiasts. Instead, Gustafsson chose to replicate his own V70 wagon, a third-generation model built from 2008-16, which has no shortage of complex curves to replicate. Most life-size Lego replicas are static displays, never meant to move. Most don't even have interiors. Gustafsson's Volvo, on the other hand, not only features a full interior, but has doors that swing open, a gear selector that clicks into various positions, and climate control knobs that turn.  The fun doesn't end there. The Lego V70 has side mirrors that pivot, just like the real thing, as well as active headlights that swivel along with the front wheels when the steering wheel turns. The piece de resistance is the fact that this Volvo actually drives, thanks to an electric motor and battery pack. Speeds must be kept low, of course, but it can start, move, steer and brake via a remote control. The Volvo's only non-Lego parts are the wheels and tires, powertrain and a metal frame. It took Gustafsson over a year and over 400,000 pieces to build the car. He was a winner of the Lego Masters competition in 2020, through which he won the majority of the pieces. According to Klyker, the combined weight of the bricks tipped the scales at 1.2 tons, but the win gave Gustafsson the ability to fulfill a lifelong dream of building a full-size car out of Lego. With the help of Volvo Cars, Gustafsson's re-creation will soon begin a tour across Sweden. It will visit various events across the country from February 22 to August 4.