Volvo Cars bought Swedish racecar maker Polestar's tuning division and will use the name for an expanded high-performance line to challenge Mercedes-AMG and BMW's M models.Volvo already sells Polestar-tuned versions of the V60 wagon and S60 sedan under a cooperation deal signed in 2013.
"We have decided to bring this experience to more Volvo drivers, placing the full resources of Volvo behind the development of Polestar," CEO Hakan Samuelsson said in a statement
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