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Geely buying stake in Daimler after all?

Geely, the Chinese company that owns Volvo, is preparing to purchase between three and five percent of Daimler. It recently tried buying its way in at a discount but the German company rejected its offer. Now, it sounds like it's spending about $4.7 billion to buy shares on the open market.   

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Mercedes-Benz prepares to launch A-Class in America

Mercedes-Benz is preparing to launch the A-Class in the United States for the first time. The first-ever A-Class sedan will be the company's entry-level model when it goes on sale here next year, slotting below the CLA. "We truly believe that now with the body style we have the right answer for the market," global brand chief Britta Seeger told Automotive News.   

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BMW could become China's top-selling luxury brand

BMW is on its way to setting a sales record in China, Automotive News reports. The company could become China's top-selling luxury car brand this year, ahead of Mercedes-Benz and Audi.   

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Subaru prices WRX STI Type RA, BRZ tS

Subaru has released pricing information for the WRX STI Type RA and the BRZ tS, two limited-edition models it's launching for the 2018 model year. The Type RA costs $49,885 once a mandatory $860 destination charge is factored in. The tS starts at $33,495. Production of each model is limited to 500 examples.   

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Volvo XC90 gets standard third-row seat

The Volvo XC90 now comes with a standard third-row seat. The Swedish brand hopes making all XC90s seven-passenger models will boost sales, which fell slightly this year.   

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Polestar 1 going on sale next year

Polestar will begin taking orders for the 1, its plug-in hybrid coupe, in early 2018. The auto-maker -- which is owned by Volvo parent company Geely -- has also confirmed it will open the first standalone Polestar dealerships halfway through 2019. The United States and China will get some of the first stores.   

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You could be this Lancia Stratos' new owner

There is a Lancia Stratos currently listed for sale on website Bring a Trailer. Built in 1974, it's a two-owner car with 44,000 original miles that has never been raced. Bidding is currently up to $311,000 with about six days left before the end of the auction, so this rare Italian could cross the $500,000 threshold.   

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Tax bill allegedly retains EV credit

The government's new tax bill keeps the $7,500 credit given to buyers who purchase an electric car, according to an anonymous source who spoke to Bloomberg. The House proposed getting rid of the credit as part of a broader tax cut plan.   

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China blacklists Faraday Future founder over debts

China put Faraday Future founder Jia Yueting on a list of defaulters, China Daily reports. He owes at least $70.2 million. An earlier report suggests the company doesn't have enough money to survive another month.   

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Alpine begins A110 production

Alpine has started building the A110, its first car since the mid-1990s, in its historic Dieppe, France, factory. The company invested over 35 million euros (about $41 million) into the facility to build the Porsche Cayman-fighting coupe.   

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