Mercedes parent unplugs its Tesla investment

Daimler AG (DDAIF) announced Tuesday that it has sold its stake in Tesla (TSLA) for $780 million. The two companies had just finished work on the drivetrain for the Mercedes B-Class electric vehicles, which launched in the U.S. this summer and will launch in Europe...

Volvo SUVs Getting Polestar Performance Treatment

The Volvo SUV lineup is going to get a lot less boring. Polestar Performance has confirmed that it’s eyeing the Swedish automaker’s SUV models to add to its range of high-performance offerings. Polestar intends to start with the XC60 before moving onto the XC90. The...