Volvo Purchases Polestar’s Tuning Division

 Volvo is looking to add some spice to their current lineup with new performance offerings to compete with BMW’s M and Mercedes AMG models. According to Automotive News, the company has purchased Swedish race car maker Polestar’s tuning arm. 

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California Pulls the Plug on EV Incentives for the Wealthy

Over the past several years, rebates and tax credits have been an effective tool used by automakers to sell electric vehicles (EVs) to lower the MSRP potential consumers face. The use of these incentives has helped narrow the price gap between EVs and comparable internal combustion engine (ICE) models, ultimately getting more buyers into the seats of EVs.

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BMW and Toyota Working on Fuel Cell Vehicle

On the heels of its i3 model, BMW is now working with Toyota to develop its second alternatively-powered vehicle. According to Automotive News, BMW will begin testing a new hydrogen fuel cell vehicle that they expect to be ready for customers in 2020. 

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Lexus Reviving SC Name for Large Luxury Coupe

The original Lexus SC coupe was a car that many believed to be ahead of its time. It was wildly successful and still maintains a strong following of loyalists. The SC nameplate was discontinued in 2010 after the second generation failed to share the same success as the first. A report from Autoblog indicates that after five years on the shelf, Lexus is looking to bring back the SC with a bang. Rumors indicate a large, powerful, luxury coupe that will be built on the next-generation LS platform.

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Ford Collaborating on Autonomous Vehicle Tech

Ford has taken the next step toward autonomous vehicle production this week, as it has moved from a research effort to an advanced engineering program. According to Ford’s PR representatives, Ford has created a global team to work on the Autonomous program, with efforts headed by Randy Visintainer. 

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General Motor’s Gamble on Mid-Size Pickups is Paying Off

General Motor’s reentry into the mid-size pickup segment, which materialized in the form of the 2015 Chevrolet Colorado and GMC Canyon, was greeted with a modicum of skepticism. The eyebrow-raising wasn’t without merit, as the once thriving small pickup market that had routinely toyed with 1 million sales per year had been gutted by the shift toward crossover utilities (mid-size pickup sales were roughly 250,000 in 2014). 

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Mercedes Unveils GLC Crossover to Replace GLK

Mercedes-Benz continues overhauling its lineup and naming strategy with the release of the all-new GLC. The second generation of the former GLK will go on sale in mid-November, and according to Automotive News, will feature coupe, performance, and plug-in hybrid variants.

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While Summer Heats Up, Vehicle Depreciation Cools Off

Used vehicle depreciation improved considerably over the first half of June compared to the substantial rate recorded in May. Used vehicle prices through the first two weeks of the month have fallen by 2.3% compared to all of May, which is nearly a percentage-point better than last month’s 3.2% decline. While May’s fall was the fourth worst showing for the month since 1995, June’s month-to-date drop is fairly typical for the period.

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Honda Aims to Overhaul Lineup, Cuts Civic Hybrid and CNG Models

As Honda moves closer to the launch of the tenth generation Civic, it was announced that the Civic Hybrid and CNG models will be discontinued after the 2015 model year. 

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Smartphone Remotely Controls Range Rover Sport

Last week, Jaguar Land Rover (JLR) announced they have pothole detection technology in the works. This week, the claims of future technology continue. As the headline of this post states, JLR recently shared with the world a very James Bond-ish feature they've been developing: off-roading without being in the vehicle.

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