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Electric vehicle maker Polestar lowers production guidance, cuts jobs

Swedish electric vehicle maker Polestar said on Thursday it had lowered its 2023 production guidance and would cut headcount by 10%.. | May 11, 2023 ....

Marie Mannes , Terje Solsvik , Volvo Cars , Polestar Automotive Holding Uk Plc Stock Exchange , Press Release , Y Psny Us7311052010 ,

BBCNEWS World Business Report June 4, 2024 04:34:00

The numbers as dire as they are other not the worst when you think about the lending they have had to take on to shore up the balance sheet. it have had to take on to shore up the balance sheet. the balance sheet. it did make a rofit the balance sheet. it did make a profit it s the balance sheet. it did make a profit it s worth the balance sheet. it did make a profit it s worth pointing - a profit it s worth pointing out in the last quarter, with all the conversation going on people think this is a failing bank, made $229 million for the quarter, third lower than the previous, not fantastic but still making money and it says it will reduce the headcount by 25% in the next two months, severe changes and restructuring going on at the bank which will mean there is internal turmoil as well? indeed, it is worth remembering this started with internal turmoil last year when they had a failed succession plan their long time leader retired and the successor left after six months on the job ....

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