The team’s current drivers are Thed Björk, Yvan Muller, Yann Ehrlacher, Santiago Urrutia and Ma Qing Hua[3] who will drive the Lynk & Co 03 TCR race car.

After Dahl sold the Polestar performance road car division to Volvo, the team was renamed Cyan Racing.

In 2005, Nilsson sold the Flash Engineering team to Christian Dahl, and it was renamed Polestar Racing.

The company launched the Volvo P1800 Cyan in 2020, a road legal restomod sold in limited numbers.

Volvo won the Manufacturer's Championship in 2002, with Flash Engineering winning 6 of the series' 18 rounds.

Following the introduction of Super 2000 rules in 2003, the team took over technical development of both the engines and the chassis from Volvo.

Tommy Rustad won the 2009 STCC drivers championship driving for Polestar Racing, running a Volvo C30 S2000.

[9] 2012 saw Polestar racing in the new Swedish break-away touring car championship TTA[10] with a Volvo S60 Solution-F.