EV maker Polestar to cut around 450 jobs globally

By:

From wire reports

January 26, 2024 02:04 PM

COPENHAGEN - Swedish electric vehicle maker Polestar Automotive Holding on Friday said it plans to cut around 450 jobs globally, about 15 percent of its total workforce, amid "challenging market conditions."

Featured Stories

Pre-tariff stampede delivers double-digit retail gains in March

Top 150 dealership groups at a glance: Who gained, who slipped and what’s new

Here’s our list of the 2025 Top 150 dealership groups

How Michigan manufacturing could benefit from auto tariffs

Latest News

Stellantis: U.S. sales fall for 7th consecutive quarter

Tesla China deliveries slide 11% in March as global rout deepens

Tesla Model Y, Model 3 still top popular EVs but Cybertruck slips

Toyota dealerships change hands in Ontario, B.C.

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Vancouver auto show boss on Tesla’s removal and whether it’s welcome back

GM’s ‘woefully underutilized’ CAMI plant ideal spot for joint GM-Hyundai vans, analyst says

Trump tariffs will force Europe’s automakers to rethink strategy, ACEA says

Porsche, Mercedes face $3.7B hit from U.S. auto levies

Staying current is easy with newsletters delivered straight to your inbox.