Sweden's Volvo said it would stop funding electric vehicle (EV) maker Polestar (PSNY), in the latest pullback by automakers of their EV forays.
Volvo Cars CEO Jim Rowan discusses fourth-quarter earnings and the company's decision to stop funding Polestar Automotive.
Volvo Cars shares surged 23% as the Swedish automaker said it will stop providing funding to EV startup Polestar as it ramps up its own investment.
Polestar (NASDAQ: PSNY) stock price will be in the spotlight on Thursday after its biggest shareholder closed its cash tap. The stock closed at $2.17 on Wednesday after crashing by more than 85% from
Swedish automaker Volvo Cars said on Thursday it would stop providing funding to Polestar as it reported a slightly bigger than expected rise in fourth-quarter operating earnings.
Roger Alm, CEO of Volvo Trucks, discusses the trucking sector and electric vehicles.
AB Volvo (publ) (VLVLY) Q4 2023 Earnings Call Transcript
Swedish truck maker AB Volvo reported on Friday a bigger rise than expected in fourth-quarter adjusted operating profit and said it had upped prices to compensate for cost inflation.
Volvo Cars on January 26th reported the full year 2024 and Q4 financial results in Stockholm before markets opened. The company announced strong net sales, in keeping with the first three quarters of
This week's busy earnings lineup features several top-rated Zacks stocks that may be flying under investors' radars leading up to their quarterly results on Thursday, January 25.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest
Volvo Cars sees "tremendous growth" in the battery electric vehicles category, CEO Jim Rowan told Reuters at the Global Markets Forum in Davos on Wednesday.

Volvo eyes sale of Arquus, takes $87 mln hit

06:34am, Monday, 15'th Jan 2024
Sweden's Volvo said on Monday it had signed an option agreement to sell its Arquus defence unit to John Cockerill Defense, and would book a fourth-quarter operating loss from the deal of some 900 mill
Tesla and Volvo announced last week that they're pausing some production in Europe due to parts delays caused by the Red Sea shipping crisis sparked by the Iran-backed Houthi militants.
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