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UPDATED: 10/17/17 8:48 am ET - adds details

Polestar debuts with performance coupe, subscription sales model

Volvo and its parent, Zhejiang Geely Holding Group, are initially investing about $752 million in the stand-alone electrified vehicle brand, mostly for a China assembly plant. Only 500 Polestar 1 coupes will be produced annually and customers can preorder the vehicle starting Tuesday.

UPDATED: 9/21/17 3:11 pm ET - updates pricing
Volvo, taking aim at Lexus, BMW and Audi, packs XC40 with firsts

Volvo breaks new ground with the XC40, its first model in the fast-growing premium compact crossover segment that will challenge the Lexus NX, BMW X3 and Audi Q3. It's Volvo's first model with inductive charging for mobile phones and the first to offer a car-sharing option.

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