February 2, 2024
Polestar Layoffs & Volvo Pulls Funding - Navigating A Challenging Electric Industry | Episode 250
Out of Spec PodcastAbout this episode
In this podcast episode, Francie explores the recent industry shifts as Polestar trims its workforce by 15%, and Volvo takes a strategic step to divest in Polestar. Listeners can anticipate an in-depth analysis of the implications of these decisions on the electric vehicle landscape. Join Francie as she navigates through the intricate details, examines industry reactions, and provides insights into what the future might hold for Polestar amid these significant changes. Sources referenced in or used to support today’s show: - Reuter’s Article: https://www.reuters.com/business/autos-transportation/electric-vehicle-maker-polestar-cut-around-450-jobs-globally-2024-01-26/ - Volvo To Pull Polestar Funding: https://www.cnbc.com/2024/02/01/volvo-shares-jump-21percent-on-higher-sales-plans-to-stop-polestar-funding.html - KBB Polestar manufacturing: https://www.kbb.com/car-advice/who-makes-polestar-cars/ - GM Plans w/ Honda Cancelle: https://www.thestreet.com/electric-vehicles/global-electric-vehicle-adoption-curve-slowdown-ev-tesla-detroit-three - GM PHEV focus: https://www.cnbc.com/2024/01/30/gm-to-release-plug-in-hybrid-vehicles-backtracking-on-product-plans.html - Ford Divestments: https://fortune.com/2023/11/04/carmakers-rethink-electric-vehicle-investments-demand-inflation-interest-rates Shoutout to our sponsors for more information find their links below: - Star Charge: https://www.starcharge.com/charging?id=20 - Kempower: https://kempower.com/america/charging-solutions/ Find us on all of these places: YouTube: https://www.youtube.com/outofspecpodcast Apple Podcasts: https://podcasts.apple.com/us/podcast/out-of-spec-podcast/id1576636119 Spotify: https://open.spotify.com/show/0tKIQfKL9oaHc1DLOTWvbd Amazon: https://music.amazon.com/podcasts/473692b9-05b9-41f9-9b38-9f86fbdabee7/OUT-OF-SPEC-PODCAST For further inquiries please email podcast@outofspecstudios.com #polestar #electricvehicle #volvo Hosted on Acast. See acast.com/privacy for more information.