Volvo to cut stake in Polestar to 18% as EV demand slumps

Polestar 4 on track.jpg — The Polestar 4 crossover is the EV brand's newest entrant in Europe, with sales starting this year.

By:

Bloomberg

February 23, 2024 09:41 AM

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.

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Trump to reduce impact of auto tariffs, U.S. Commerce secretary says

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Automakers would also not be responsible for other tariffs on aluminum and steel, said a White House official on Monday night.

By:

Bloomberg News

Trump to reduce impact of auto tariffs, U.S. Commerce secretary says

Volkswagen

Porsche shipments to dealerships stopped over tariffs, retailers say

These U.S. auto plants have extra capacity, but moving production from overseas no easy task

Stellantis shrinks Warren Truck production, gears up to launch Mexico pickup plant

Stellantis

By:

Kurt Nagl, Crains Detroit Business

Stellantis shrinks Warren Truck production, gears up to launch Mexico pickup plant

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