News | Latest Breaking News Stories & Headlines

Overhead view of a car park full of new cars

EU may rethink its 2035 combustion car ban

The European Commission is expected tomorrow to reverse the EU's effective ban on sales of new combustion-engine cars from 2035, bowing to intense pressure from Germany, Italy and European automakers struggling against Chinese and US rivals.

Business • 16 Dec

Polestar today reported a third-quarter net loss of $365m, compared with a $323m loss a year ago

Polestar plans reverse stock split to keep Nasdaq listing

Polestar said today it would conduct a reverse stock split - reducing the number of its existing shares while increasing their value - as the loss-making electric vehicle maker strives to retain its Nasdaq listing.

Business • 12 Nov

Polestar sold an estimated 14,192 cars in the third quarter, a rise of 13% over the year earlier

Polestar's Q3 sales jump on resilient EV demand

Polestar's third-quarter vehicle sales jumped, bolstered by resilient demand in the Swedish electric-vehicle maker's home market of Europe despite a tough macroeconomic backdrop marked by tariffs and cautious consumer spending.

Business • 09 Oct

Polestar reported a net loss of $1.03 billion for the quarter ended June 30, compared with a loss of $268m a year earlier

EV maker Polestar posts wider quarterly loss on tariffs

Electric vehicle maker Polestar reported a wider loss for the second quarter today, after US tariffs and intensifying price pressure led to an impairment charge of its Polestar 3.

Business • 03 Sep

Polestar cars are produced at factories owned by Volvo Cars and Geely in China and the US

EV maker Polestar to produce new model in Europe

Polestar said today it would make its Polestar 7 SUV model at a Volvo Cars factory in Slovakia, as the EV maker shifts more production from China and tries to cut its exposure to heavy European and US tariffs.

Business • 03 Jul

Polestar, backed by China's Geely Holding, is set to benefit from today's US-China deal on tariffs

Polestar narrows quarterly loss on improved demand

Swedish electric-vehicle maker Polestar has reported a 31% reduction in its quarterly loss, in a sign that the company's efforts to cut costs across its business and push sales of its higher-priced models were bearing fruit.

Business • 12 May

Polestar said it sold around 12,304 vehicles in the first quarter of this year, compared with 6,975 vehicles the same time last year

Polestar warns of tariff impact as quarterly sales jump

Swedish electric-vehicle maker Polestar plans to move more manufacturing to Europe as US tariffs and the global trade war spell trouble for the automotive industry, its CEO Michael Lohscheller has said.

Business • 11 Apr

Volkswagen, BMW electric cars outsell Tesla in Europe

Tesla EV sales in Europe have fallen in February behind legacy brand Volkswagen and the BMW group, as well as rivals from China, data by research platform JATO Dynamics showed today.

Business • 24 Mar

The company's US-listed shares fell nearly 14%.

Polestar expects delayed profitability as demand weakens

Polestar's new CEO said today it would take longer for the Swedish electric-vehicle maker to be profitable and delayed its expansion of sales to more countries.

Business • 16 Jan

Polestar is trying to shake up its business after years of delayed model launches, missed delivery targets and further separation from Volvo Cars

EV maker Polestar taps industry veteran as new CEO

Polestar will replace long-serving CEO Thomas Ingenlath with a former boss of Opel and EV startups as the company fights to shake up its business after years of delayed model launches, missed delivery targets and further separation from Volvo Cars.

Business • 28 Aug 24

The stock has slumped more than 63% this year as of Thursday's close.

Polestar reports decline in 2023 revenue

Swedish EV-maker Polestar said today after months of delays in turning in its financial reports, that its 2023 revenue fell and its losses widened as it grappled with slowing demand for its higher-priced models.

Business • 28 Jun 24

Volvo said it expected to continued sales growth in 2022, though uncertainty due to the lingering effects of Covid remains high

Volvo Cars says supply chain woes remain, profit lags

Volvo Cars has today posted fourth-quarter earnings below expectations pressured by global supply shortages despite strong demand for its vehicles.

Business • 11 Feb 22

Polestar said it intends to initially employ 60 engineers in Britain and expand its team over the rest of the year

Defying Brexit, Polestar picks UK for new R&D hub

Swedish luxury electric carmaker Polestar, which is jointly owned by Volvo Cars and its Chinese parent Geely, is setting up an R&D centre in Britain to develop future passenger cars.

Business • 08 May 19

Polestar