2022 Volvo Xc60 B5 Momentum on 2040-cars

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Best luxury SUVs of 2022 and 2023

Once upon a time, the idea of a luxury SUV meant a Range Rover, and even that was pretty agricultural by modern standards. Then Jeep Grand Cherokees and Ford Explorers started offering fancy, range-topping versions followed soon by Lexus, BMW and Mercedes dipping their toes in the water. And then the floodgates opened. Today, there is a staggering number of luxury SUVs available in every shape, size and price point. There are electric luxury SUVs like the Tesla Model X and Jaguar I-Pace, as well as gas-swilling, high-performance SUVs like the BMW X5 M and Cadillac Escalade V. Sports car makers Porsche, Aston Martin and Lamborghini have even dived in.  But of this great many, which are the best luxury SUVs? We sat down, scoured our reviews, took some votes, had some discussions and came up with the luxury SUVs we view as the best. They are listed alphabetically within the six segments listed below.  Best Subcompact Luxury SUV   |   Best Compact Luxury SUV   |   Best Midsize Luxury SUV (Two-Row) Best Midsize Luxury SUV (Three-Row)   |   Best Flagship Luxury SUV (Two-Row)   |   Best Flagship Luxury SUV (Three-Row)  Best subcompact luxury SUVs Mercedes-Benz GLB-Class Why it stands out: Outstanding space and versatility; legit luxury interior; amusing GLB 35 versionCould be better: Overwhelming and confusing tech interface Most subcompact luxury SUVs are a dubious value, with cramped interiors of marginal quality and unrefined driving dynamics. You'd be much better off paying less money for a loaded, non-luxury compact SUV. The Mercedes GLB is different, though. Its boxy design provides space few other subcompact SUV can match (luxury or otherwise), while its cabin design and feature content are in keeping with pricier Mercedes models. The quality's not exactly up to GLC standards, nor is driving refinement, but the difference is appropriate for how much you're saving and still perfectly acceptable. There's nothing dubious about buying a GLB.     Volvo XC40 Why it stands out: More features for the money; spacious and versatile interior; distinctive design; electric versionCould be better: Fuel-efficient base engine only available with FWD Most subcompact luxury models feel a bit like cheap knockoffs of their bigger, pricier brand mates. The XC40, by contrast, is a break from the Volvo norm in a good way.

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

Volvo's product road map includes five EVs and two PHEVs

Volvo recently hosted a gathering in Miami for North and South American retailers. A few attendees, perhaps proud of what Volvo had to say, shared some details on the proceedings with Automotive News. Volvo's pledge to become an all-EV brand by 2030 will commence with five new electric vehicles and two plug-in hybrids in the coming years. First up is a full-sized, three-row crossover said to get its vibe from the Concept Recharge. We figure this will be the long-rumored and occasionally canceled XC100, but that's only an educated guess. We've seen no spy shots of such a vehicle yet, but AN reports sales aspirations for the full-sizer are about 20,000 units for next year. If that's the case, something should appear soon. Around two years after the potential XC100 comes an EV codenamed V546 that AN reported on earlier this month. Said to slot in between the 185-inch-long XC60 and 195-inch-long XC90, this tweener could be about the length of the 189-inch Ford Edge. The sources claim it will ride on a new electric platform, which could be the SPA2 bones that will support the coming electric XC90 and that the Concept Recharge electric crossover study (pictured) sits on. This one goes into production in the U.S., at Volvos' Ridgeville, South Carolina plant, and in China. The plan is to sell 100,000 units annually. At some point, the XC60 small midsize crossover gets a battery-electric variant. The fourth EV will be a dinky silent runner that slides in under the XC40 Recharge. Referred to in the past as the XC10, XC20 and XC30, previous reportage claims this will ride on the Sustainable Experience Architecture (SEA) sourced from parent company Geely. The fifth EV was only mentioned as being a sedan, which is another mysterious entry. The S90 and XC90 are getting new PHEV generations, the crossover still expected to inaugurate proper names to the Swedish automaker's lineup. Volvo's planning a hiring spree for the South Carolina plant that only makes the S60 sedan at the moment. One of the new EV crossovers will start down lines there later this year, along with Polestar's middleweight performance crossover, then the potential XC100 (or whatever its proper name is) begins assembly there in 2023.  Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.