Polestar’s performance road car and racing divisions are set to be split following a buy-in by Volvo Cars.
The Swedish carmaker has announced a complete purchase of the Polestar company, owned by Christian Dahl, which has worked alongside Volvo for almost twenty years.
Polestar’s racing operations will, however, be spun off, renamed and remain fully under Dahl’s control.
“We are extremely satisfied with the way the performance business with Volvo has developed, but we are a racing team first and foremost,” said Dahl. “This is an opportunity to return our full attention to our core business – to develop and race Volvo cars.”
Its racing arm has operations in Sweden and Australia, fielding entries in the Scandinavian Touring Car Championship and the V8 Supercars Championship (in an engine partnership with Garry Rogerts Motorsport) respectively.
Polestar also had a brief sojourn in the FIA World Touring Car Championship in 2011, and is rumoured to be considering a return to the series in the wake of publicly announcing that it would seek to exit the STCC.
Volvo’s Australian arm is yet to confirm whether it will remain in the V8 Supercars Championship beyond the end of its current deal with GRM, which expires at the end of next season.
“We have ongoing engagements in both STCC and V8 Supercars which now Polestar will continue throughout the duration of these contracts,” a Polestar spokesperson confirmed.
“Beyond that, Volvo and Christian have been working together for many years and have a good, trust based relationship. So, we have reached an agreement with Christian which means he will continue to race with his newly named team and Polestar will continue racing in association with Christian Dahl’s new team.”
Following the buyout, Volvo will use the Polestar brand as the brand label for its high performance cars, with the company aiming to sell 750 of its Polestar model V60 wagons and S60 sedans this year, aiming to increase this to 1,000-1,500 units “in the medium term”.
Image via Motorsport.com