Polestar names new North America leader

Polestar Trims Losses on Cost Cuts, Sales of High-Margin Models

Polestar Automotive Holding’s losses narrowed in the first quarter as the electric-vehicle maker sold more of its newer models and cut costs.

Polestar names new North America leader

Rick Bryant will succeed Anders Gustafsson, effective May 12.

"Europe has the absolute highest priority," said the automaker's CEO Michael Lohscheller.

Polestar Narrows Quarterly Loss by 31% Amid Cost Reductions and Higher-Priced Model Sales

Electric vehicle manufacturer Polestar reported a narrower first-quarter loss on Monday, as the company’s cost-cutting measures and a focus on selling higher-priced models began to show results amid a broader slowdown in the EV market. The Sweden-based automaker, backed by China’s Geely Holding, posted a net loss of $190 million for the three months ended [...] The post Polestar Narrows Quarterly Loss by 31% Amid Cost Reductions and Higher-Price…

Polestar Posts Narrower Q1 Net Loss, Turns Gross Margin Positive

EV maker Polestar reported on Monday its first quarter financial results posting an 84% rise in first-quarter revenue and a gross margin of 6.8%, reversing a negative margin of 7.7% in the same period a year earlier.