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.
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.
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.
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.
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.