Amidst the rapidly shifting tides of the global electric vehicle industry, Volvo Cars has decided to pull the plug on its financial support for Polestar, the electric car manufacturer it co-founded ...

Back in 2017, Swedish automaker Volvo announced it would spin off its Polestar performance sub-brand into a standalone company, aimed at selling electric vehicles. The move seemed odd at the time, ...

Volvo revealed Thursday that it has cut off funding for its electric vehicle subsidiary Polestar — despite the fact it was among the first automakers to embrace electric cars. Shares of Swedish ...

Polestar is in the midst of a major corporate shakeup, as Volvo plans to shed its ownership stake in the electric-vehicle brand for its own EV independence. Volvo doesn't want to relinquish its whole ...

Polestar's CEO, the former head of design at Volvo, is out. He brought Volvo's concepts with him to Polestar when the brand was launched. Now, Volvo is behind the curve and Polestar is spinning its ...

“As we embark on the next stage of our transformation, gearing up to lead in next-gen mobility, our focus sharpens on Volvo Cars’ development,” Volvo Cars CEO Jim Rowan explained. Volvo Cars board ...

More bad news for Polestar. The struggling luxury EV maker just lost its funding from Volvo, which is handing full responsibility for the brand over to China’s Geely. However, Volvo is letting them ...

Volvo will stop financing the Polestar electric sports car business. The two companies will continue to collaborate on research and development, manufacturing, and sales. The Swedish carmaker is going ...

The Polestar 7 will be the brand's compact SUV replacement, of sorts, for the Polestar 2 sedan. Polestar is owned by China's Geely Group, which builds many different cars on versions of the same ...