The XC40 is Volvo’s first small SUV. It is built on a new modular frame that will underpin all future 40 Series models, including fully electric vehicles. The XC40 offers three powertrains, including a three-cylinder engine, a first for Volvo Cars.
Chinese Automaker Geely Buys Substantial Stake in Daimler
Chinese auto manufacturer Geely Holding has purchased a $9 billion stake in Daimler AG, making it the largest investor in the German automaker, according to a report in Bloomberg.