What the news says
This announcement directly relates to Polestar's financial situation and investment strategy, the electric vehicle subsidiary of Volvo Cars. The decision not to inject additional capital could affect Polestar's production capacity, product development, and business operations, as well as investor expectations for the subsidiary's development.
07/17, 02:47 PM
Volvo Cars CFO states the company has no plans to inject cash into Polestar.
Volvo Cars CFO states the company has no plans to inject cash into Polestar.
Affected assets
FirstSquawk
07/17, 02:47 PM
Related updates
FirstSquawk · 07/17, 01:49 PM
Event soonVolvo Cars plans to maintain its 20% stake in Polestar, with no intention to increase or reduce the holding.
ZeroHedge · 06/26, 11:40 PM
Market reactionZeroHedge reports that Polestar is barred from selling future EVs in the US under a connected-vehicle rule.
bloomberg-industries · 06/26, 05:46 PM
High impactPolestar is barred from future US sales under connected-vehicle rules targeting Chinese technology.