The Polestar 4 is a battery electric compact luxury crossover SUV marketed by Polestar, an affiliate of Geely Holding and Volvo Cars, since 2023. The vehicle is manufactured by Geely Holding in a factory in Hangzhou Bay, China. The 4 is the third vehicle to use the rear- and all-wheel drive based platform, Sustainable Experience Architecture. The vehicle is marketed as a coupe SUV that went into production in November 2023 and has two powertrain options.
Start of production postponed
Polestar lays off workers, cuts production forecast
Polestar is struggling with software development delays and other problems. This has consequences for the production forecast and for the employees.
Thursday, May 11, 2023 5:08 PM UPDATED 5 HOURS AGO
"Volkswagen isn't the only automaker having software problems. Just a few days ago, Oliver Blume restructured the board of software subsidiary Cariad because problems there led to delays in model releases. Electric car brand Polestar now reports that the start of production of the Polestar 3 is postponed. Instead of mid-2023 as planned, the electric SUV is now only expected to hit the market in the first quarter of 2024."
www.automobilwoche.de
Polestar lays off workers, cuts production forecast
Polestar is struggling with software development delays and other problems. This has consequences for the production forecast and for the employees.
Thursday, May 11, 2023 5:08 PM UPDATED 5 HOURS AGO
"Volkswagen isn't the only automaker having software problems. Just a few days ago, Oliver Blume restructured the board of software subsidiary Cariad because problems there led to delays in model releases. Electric car brand Polestar now reports that the start of production of the Polestar 3 is postponed. Instead of mid-2023 as planned, the electric SUV is now only expected to hit the market in the first quarter of 2024."
Polestar entlässt Beschäftigte und kürzt Produktionsprognose
Polestar kämpft mit Verzögerungen bei der Software-Entwicklung und weiteren Problemen. Das hat Folgen für die Produktionsprognose und für die Beschäftigten.
tristatez28lt1
Tire Trailblazer
Just heard a rumor that at least one of the new Jags will follow the PS4 design and not have a rear window. We might have a new design trend on our hands.
hoffmeister_fan
Kraftwagen König
Oh bloody hell….
Sunny
Premium
Oh new Jag? Can't wait for it. Wonder if they will sell 2 or 3 of them? And Autocar will probably have a synchronized orgasm.
TopspeedPT
Track Technician
But the German strategy is bad blah blah blah, you have to respect old foxes, completely immune to these ups and downs, they sell "few" EV's lol, they make more money than ever by calculatingly growing in an unreadable market.
Volvo to stop funding Polestar as Geely readies bailout
Polestar has been hit by a slower-than-expected ramp up, together with a cooldown in EV demand.
February 01, 2024 02:43 am
Like other new EV brands and startups, Polestar has struggled to make headway, particularly since Tesla started a price war last year.
Polestar last week said it plans to cut about 450 jobs globally, or about 15 percent of its workforce, amid "challenging market conditions."
Volvo is also dealing with software development issues that have delayed the brand's new EX30 and EX90 electric models.
"Volvo is considering selling Polestar shares"
Volvo to stop funding Polestar as Geely readies bailout
Polestar has been hit by a slower-than-expected ramp up, together with a cooldown in EV demand.
February 01, 2024 02:43 am
Like other new EV brands and startups, Polestar has struggled to make headway, particularly since Tesla started a price war last year.
Polestar last week said it plans to cut about 450 jobs globally, or about 15 percent of its workforce, amid "challenging market conditions."
Volvo is also dealing with software development issues that have delayed the brand's new EX30 and EX90 electric models.
"Volvo is considering selling Polestar shares"
Volvo no longer wants to invest money in the Polestar electric car brand and wants to sell part of its shares.
Those crazy things about launching phantom brands that are only sold in 4 or 5 countries and end up dragging down the parent, they sin from inexperienced, which is incredible.
"Volvo Car will slash its stake in Polestar to 18 percent and stop funding the unprofitable electric-vehicle maker to focus on its on shift to battery technology."
"Volvo Car plans to transfer around 9.5 billion Swedish kronor ($921 million) worth of Polestar stock, or about 62 percent of its stake, to its shareholders, it said Friday. The move, announced earlier this month, will hand more responsibility to China’s Zhejiang Geely Holding Group, which controls both companies."
"Polestar shares have slumped due to the manufacturer’s slower-than-expected ramp up and overall cooling EV demand"
"Volvo Car will slash its stake in Polestar to 18 percent and stop funding the unprofitable electric-vehicle maker to focus on its on shift to battery technology."
"Volvo Car plans to transfer around 9.5 billion Swedish kronor ($921 million) worth of Polestar stock, or about 62 percent of its stake, to its shareholders, it said Friday. The move, announced earlier this month, will hand more responsibility to China’s Zhejiang Geely Holding Group, which controls both companies."
"Polestar shares have slumped due to the manufacturer’s slower-than-expected ramp up and overall cooling EV demand"
Jonathan19
Premium+
Similar threads
Volvo
Volvo Cars is a Swedish multinational manufacturer of luxury vehicles. Founded in 1927, Volvo
is headquartered in Torslanda, Gothenburg, Sweden. The company has been owned by the Chinese
multinational automotive company Geely since 2010. Volvo also produces electric vehicles
under the Polestar brand.
Official websites: Volvo, Polestar
Official websites: Volvo, Polestar
