• 11/27/2024

Volvo, An Early Electric Car Adopter, Cuts Off Funding For Its EV Affiliate

Wall Street Journal

Volvo Car said it won’t provide further funding to Polestar, the electric-car maker it created with Volvo’s Chinese owner Geely — the latest EV retrenchment by the global auto industry.

https://www.wsj.com/articles/volvo-car-evaluating-potential-reduction-of-shareholding-in-polestar-85e29826