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). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250228789224/en/Polestar model line-up (Photo: Business Wire) In February 2025, the Company secured up to USD 450 million in a 12-month term facility after having secured in December 2024 over USD 800 million in 12-month term facilities. Polestar originally entered into a 12-month TFF with a syndicate of leading global banks in February 2022 to support its working capital requirements and in February 2025 the f

Targeting compound annual retail sales volume growth of 30-35% for 2025 to 2027 and positive adjusted EBITDA in 2025 Positive free cash flow after investments expected in 2027 Strong product momentum: Polestar 3 and Polestar 4 represent 56% of order intake in Q4 2024; Polestar 5 launch this year Polestar 7, a premium compact SUV, planned to be produced in Europe, strengthening global manufacturing network Dealership expansion: 75% increase in retail spaces until 2026, with start of sales in France this year Continue to work with Geely on securing new equity and debt funding to finance Polestar's development and strategy implementation Polestar (NASDAQ:PSNY) today presents

Retail sales totalled 12,548 cars in Q3 2024, down 8% versus Q3 2023 Revenue USD 551 million in Q3 2024, down 10% versus Q3 2023 on lower volume and competitive market conditions USD -323 million net loss and USD -180 million adjusted EBITDA; an adjusted EBITDA improvement of 28%, versus Q3 2023, reflecting continuous management actions reducing selling, administrative and general expenses USD 501 million cash balance at end Q3 2024; secured over USD 800 million in bank facilities in December Updated FY 2024 guidance Polestar (NASDAQ:PSNY) today presents selected preliminary unaudited results for the third quarter and first nine months of 2024. This press release features m

Cantor Fitzgerald downgraded Polestar Automotive Holding UK PLC from Overweight to Neutral

BofA Securities initiated coverage of Polestar Automotive Holding UK PLC with a rating of Neutral and set a new price target of $1.25

Deutsche Bank resumed coverage of Polestar Automotive Holding UK PLC with a rating of Hold and set a new price target of $1.50

6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

Polestar (NASDAQ:PSNY) has appointed Jonas Engström to the role of Chief Operating Officer (COO). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217820560/en/Polestar lineup (Photo: Business Wire) As COO, Jonas's main focus will be the delivery of Polestar's growing car programmes and overseeing the Company's daily operations. He will also work closely with Michael Lohscheller to translate the Company's strategy and vision into actionable plans across the whole business. Michael Lohscheller, Polestar CEO, says: "With his unique combination of strong operational competence, strategic thinking and humble leadership, Jonas is

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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903661914/en/Jean-Francois Mady (Photo: Business Wire) Jean-Francois brings 25 years of experience from senior, leading roles in automotive finance and financial services across Europe, China, Asia and India. Most recently he was Senior Vice President of Global Accounting Operations and Finance Transformation at Stellantis Group. He has also held several leadership roles at PSA Group. Je

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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827828117/en/Michael Lohscheller (Photo: Business Wire) Michael Lohscheller, who has previously served as CEO of Opel, VinFast and Nikola, brings a wealth of expertise in the automotive industry, particul

Retail sales totalled 12,548 cars in Q3 2024, down 8% versus Q3 2023 Revenue USD 551 million in Q3 2024, down 10% versus Q3 2023 on lower volume and competitive market conditions USD -323 million net loss and USD -180 million adjusted EBITDA; an adjusted EBITDA improvement of 28%, versus Q3 2023, reflecting continuous management actions reducing selling, administrative and general expenses USD 501 million cash balance at end Q3 2024; secured over USD 800 million in bank facilities in December Updated FY 2024 guidance Polestar (NASDAQ:PSNY) today presents selected preliminary unaudited results for the third quarter and first nine months of 2024. This press release features m

AGM to take place on 7 October 2024 Winfried Vahland to assume role of Chair, following Håkan Samuelsson's retirement from the Board; investing 100% of net remuneration in Polestar shares Francesca Gamboni proposed to replace Jim Rowan as Volvo Cars representative on Board of Directors Christine Gorjanc and Xiaojie Shen (Laura) proposed as new Directors 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/. This press release features multimedia. View the full

13,150 cars delivered in Q2 2024, up 82% compared to Q1 2024 30% improvement in inventory turnover driving working capital reduction with positive impact on cash flow Secured up to USD 300 million in additional external funding in August Polestar (NASDAQ:PSNY), reports its preliminary unaudited financial and operational results for the second quarter ended June 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240829866418/en/(Photo: Business Wire) Deliveries were 13,150 cars, an 82% increase compared to the first quarter, taking global deliveries for the first six months of the year to 20,371, with strong momen

SC 13D/A - Polestar Automotive Holding UK PLC (0001884082) (Subject)

SC 13D/A - Polestar Automotive Holding UK PLC (0001884082) (Subject)

SC 13D/A - Polestar Automotive Holding UK PLC (0001884082) (Subject)