Northvolt to Pause Some Production, Cut Staff
Swedish battery maker Northvolt is pausing part of the production at its flagship factory and cutting the workforce to cope with a drop in electric vehicle demand.
Polestar Names Ex-Nikola Chief Lohscheller as New CEO
Polestar named Michael Lohscheller its new CEO as the electric vehicle maker seeks to stem deepening losses and fix ongoing operational problems.
DSV Orders 300 Electric Trucks in Major Volvo Deal
Logistics firm DSV plans to buy 300 electric heavy trucks from Volvo AB in what would be one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered rigs.
Polestar Starts US Production to Sidestep Steep EV Tariffs
Polestar Automotive Holding UK Plc has started production of its Polestar 3 sport utility vehicle in the U.S. to sidestep the nation’s tariffs on Chinese-made electric vehicles.
Polestar Loss Deepens to $1.46B Amid Slowing EV Demand
Polestar Automotive Holding UK Plc reported deepening losses for last year as the EV maker faced weaker demand amid organizational challenges that delayed its earnings report.
Scania Ramps Up E-Truck Output
Swedish truck maker Scania is ramping up production of electric rigs now that previously delayed batteries from Northvolt AB have begun arriving in greater numbers at its factory in Sodertalje.
Volvo Recalls All EX30 Cars on Software Glitch
Volvo Car AB is recalling all of the almost 72,000 units it has made of its new flagship model — the fully electric EX30 — due to a software issue.
Volvo Car Just Made Its Last Diesel Vehicle
Volvo Car AB produced its last automobile with a diesel engine this week, ending an era for the manufacturer that plans to only make electric vehicles by 2030.
Volvo Shares Fall After Outlining Truck Production Cuts
Volvo AB declined after saying it will gradually reduce production in line with normalizing demand after years of supply chain disruptions that left manufacturers with record order banks.
Geely Cuts Volvo Stake but Says Will Stay Long-Term Investor
Volvo AB’s second-largest shareholder Geely confirmed it lowered its stake in the company by redeeming bondholders with the truck maker’s shares over the past months.