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Polestar Automotive Holding UK PLC (PSNYW)

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0.1825

+0.0025

+(1.39%)

At close: April 2 at 4:00:00 PM EDT

Polestar Secures USD 450 Million Term Facility and Renews EUR 480 Million Green Trade Finance Facility

GOTHENBURG, Sweden, February 28, 2025--Polestar (Nasdaq: PSNY) advises that it has secured a 12-month term facility of up to USD 450 million and has renewed the EUR 480 million Green Trade Finance Facility (TFF).

Business Wire last month

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Polestar's CEO: 'Serious' tariff obstacles will limit product choice

Polestar CEO Michael Lohscheller talks tariffs, building in the US, and the company's new profit plan in an interview with Yahoo Finance.

Yahoo Finance last month

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Polestar takes tariffs 'very serious.' CEO talks US manufacturing

The Trump administration has proposed a sweeping tariff strategy that could potentially trigger inflationary pressures across multiple sectors, leaving the automotive industry particularly vulnerable. Polestar Global (PSNY) CEO Michael Lohscheller joins Market Domination alongside senior autos reporter Pras Subramanian to discuss how his company is preparing for these potential trade measures to take full effect. "The way we see it, it's very important that we manufacture locally here in the US, and obviously, the tariff is something that we take very serious," Lohscheller notes. He acknowledges the potential for headwinds in costs and pricing but emphasizes that Polestar's US production positions them to mitigate potential challenges. "Polestar is really gaining momentum in the United States, and that's what we want to accelerate going forward," the auto executive tells Yahoo Finance. Highlighting Polestar's current manufacturing strategy, he adds that all Polestar vehicles are being manufactured in the US. "That's a very good starting point and enables us also to be fast to the market," Lohscheller says, describing it as "the business model moving forward." Watch the full interview to hear Lohscheller's insights on competition within the electric vehicle space. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith

Yahoo Finance Video last month

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Polestar targets profitability in 2025; Polestar 7 will be a premium compact SUV from Europe

GOTHENBURG, Sweden, January 16, 2025--Polestar (Nasdaq: PSNY) today presents an updated strategy, as the Company starts its next chapter, with significant changes being made to improve operational, commercial and financial performance.

Business Wire 2 months ago

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Polestar Publishes Selected Results for the Third Quarter and Updates FY 2024 Guidance

GOTHENBURG, Sweden, January 16, 2025--Polestar (Nasdaq: PSNY) today presents selected preliminary unaudited results for the third quarter and first nine months of 2024.

Business Wire 2 months ago

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Polestar reports Q4 retail sales up 5.3% to 12,256 cars

Polestar (PSNY) announced retail sales totaled 12,256 cars in Q4 2024, up 5.3% versus Q4 2023, taking total retail sales for the full year to 44,851 in 2024, down 15% versus 2023. Total order intake in Q4 2024 increased by 37.2% versus Q4 2023 and by 37.9% for the full year 2024 versus 2023. Michael Lohscheller, Polestar CEO, says: “The changes being made to our commercial operations are clearly having a positive impact, as we saw a 5.3% increase in retail sales and a 37.2% increase in order int

TipRanks 2 months ago

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Polestar Announces Global Volumes for the Fourth Quarter

GOTHENBURG, Sweden, January 09, 2025--Polestar (Nasdaq: PSNY) retail sales totalled 12,256 cars in Q4 2024, up 5.3% versus Q4 2023, taking total retail sales for the full year to 44,851 in 2024, down 15% versus 2023. Total order intake in Q4 2024 increased by 37.2% versus Q4 2023 and by 37.9% for the full year 2024 versus 2023.

Business Wire 2 months ago

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Polestar Appoints Jonas Engström Chief Operating Officer

GOTHENBURG, Sweden, December 17, 2024--Polestar (Nasdaq: PSNY) has appointed Jonas Engström to the role of Chief Operating Officer (COO).

Business Wire 3 months ago

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Ford shares fall after downgrade to Market Perform

Ford (F) shares drop following a downgrade, with Bernstein senior analyst Daniel Roeska explaining the decision behind the call on Yahoo Finance live. Roeska discusses why he downgraded the stock from Outperform to Market Perform after the company reported mixed results for its third quarter earnings. The main concern, Roeska tells Julie Hyman and Josh Lipton, is large discounting from Stellantis (STLA) which will create pricing pressures across the industry in the first half of 2025. While confident in Ford’s truck business, including the F-150, Roeska explains that with significant discounts from competitor Ram, Ford “will not have the opportunity to react and cut costs.” To watch more expert insights and analysis on the latest market action, check out more Market Domination here.This post was written by Cindy Mizaku.

Yahoo Finance Video 4 months ago

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TSLA

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Polestar Delivers First Polestar 3 Manufactured in U.S. to North American Customers

MAHWAH, N.J., November 01, 2024--Polestar, the Swedish premium electric performance car brand, has delivered its first U.S.-built Polestar 3 SUVs to customers in the North American market. Deliveries of Polestar 3 began around the U.S. and Canada in the past few weeks and now units manufactured in the South Carolina plant have begun as well. The SUV for the electric age plays an important role in the brand’s continued development, as Polestar moves from a one- to a three-car brand with Polestar

Business Wire 4 months ago

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Polestar Now Offers Its Customers Access to One of the World’s Largest Charging Networks

GOTHENBURG, Sweden, October 30, 2024--Polestar (Nasdaq: PSNY) now offers its customers access to 17,800 Tesla Superchargers across North America, complementing its existing offer in Europe and China.

Business Wire 5 months ago

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Polestar Automotive Reports Q3 Deliveries, Plans Update

Polestar Automotive Holding UK PLC Sponsored ADR Class C (PSNYW) has released an update. Polestar Automotive delivered approximately 11,900 vehicles in Q3 2024, with a total of 32,300 units for the year, despite expecting similar revenue to 2023 and aiming for a positive gross profit margin by Q4. The company, supported by Geely, is adapting to market challenges, including import duties and loan covenant discussions, while transitioning to a more aggressive sales model. A strategic business upda

TipRanks 5 months ago

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Polestar Announces Global Volumes for the Third Quarter; to Provide Business and Strategy Update on 16 January 2025

GOTHENBURG, Sweden, October 11, 2024--Polestar (Nasdaq: PSNY) delivered approximately 11,900 cars in the third quarter, taking total deliveries for the first nine months of the year to 32,300 (2023: 41,844).

Business Wire 5 months ago

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Polestar Fully Compliant With Nasdaq Listing Rules

GOTHENBURG, Sweden, September 17, 2024--Polestar (Nasdaq: PSNY) has received notice that with the closing bid price of the Company’s American Depositary Shares ("ADSs") exceeding $1.00 for at least ten consecutive business days, Polestar has regained compliance with Nasdaq’s Listing Rule 5450(a)(1). As previously announced, Polestar was notified by Nasdaq on July 5, 2024, that it was not in compliance with the minimum bid price requirement as the Company’s ADSs had closed below $1.00 for 30 cons

Business Wire 6 months ago

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Polestar Announces Date of AGM and Board Changes

GOTHENBURG, Sweden, September 13, 2024--Polestar (Nasdaq: PSNY) is holding its Annual General Meeting (AGM) in London on 7 October 2024. Full details of the AGM, including instructions for proxy voting by registered shareholders, are available on the Company’s Investor Relations website https://investors.polestar.com/.

Business Wire 6 months ago

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EV maker Polestar appoints Jean-Francois Mady as new CFO

Shares of EV maker Polestar (PSNY) are jumping Tuesday after the company named Jean-Francois Mady as its new CFO effective October 21. Mady previously served as senior vice president of global accounting operations and finance transformation at Stellantis (STLA). Julie Hyman and Josh Lipton break down these developments. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 6 months ago

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Polestar appoints Jean-Francois Mady as CFO

GOTHENBURG, Sweden, September 03, 2024--Polestar (Nasdaq: PSNY) continues to prepare itself for the next step in its development by appointing Jean-Francois Mady to the role of Chief Financial Officer (CFO), effective 21 October 2024.

Business Wire 6 months ago

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Polestar Publishes Q2 2024 Results: 82% Growth in Global Deliveries

GOTHENBURG, Sweden, August 29, 2024--Polestar (Nasdaq: PSNY), reports its preliminary unaudited financial and operational results for the second quarter ended June 30, 2024.

Business Wire 7 months ago

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Polestar Announces Leadership Change: Michael Lohscheller Appointed CEO

GOTHENBURG, Sweden, August 28, 2024--Polestar (Nasdaq: PSNY) announces that Michael Lohscheller, a seasoned automotive leader with extensive experience in driving operational excellence and strategic growth, will assume the role of CEO. Thomas Ingenlath, who has served as CEO since Polestar's inception and successfully positioned the brand for its next chapter, has resigned, with the change effective 1 October 2024.

Business Wire 7 months ago

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Polestar Appoints Philipp Römers Head of Design

GOTHENBURG, Sweden, August 21, 2024--Polestar (Nasdaq: PSNY) announces that Philipp Römers has been appointed Head of Design.

Business Wire 7 months ago

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Performance Overview

Return	PSNYW	S&P 500 (^GSPC)
YTD	+32.25%	-3.58%
1-Year	+8.70%	+8.94%
3-Year	-94.55%	+24.75%

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Polestar Automotive Holding UK PLC (PSNYW)

Polestar Secures USD 450 Million Term Facility and Renews EUR 480 Million Green Trade Finance Facility

Polestar's CEO: 'Serious' tariff obstacles will limit product choice

Polestar takes tariffs 'very serious.' CEO talks US manufacturing

Polestar targets profitability in 2025; Polestar 7 will be a premium compact SUV from Europe

Polestar Publishes Selected Results for the Third Quarter and Updates FY 2024 Guidance

Polestar reports Q4 retail sales up 5.3% to 12,256 cars

Polestar Announces Global Volumes for the Fourth Quarter

Polestar Appoints Jonas Engström Chief Operating Officer

Ford shares fall after downgrade to Market Perform

Polestar Delivers First Polestar 3 Manufactured in U.S. to North American Customers

Polestar Now Offers Its Customers Access to One of the World’s Largest Charging Networks

Polestar Automotive Reports Q3 Deliveries, Plans Update

Polestar Announces Global Volumes for the Third Quarter; to Provide Business and Strategy Update on 16 January 2025

Polestar Fully Compliant With Nasdaq Listing Rules

Polestar Announces Date of AGM and Board Changes

EV maker Polestar appoints Jean-Francois Mady as new CFO

Polestar appoints Jean-Francois Mady as CFO

Polestar Publishes Q2 2024 Results: 82% Growth in Global Deliveries

Polestar Announces Leadership Change: Michael Lohscheller Appointed CEO

Polestar Appoints Philipp Römers Head of Design

Performance Overview