Polestar Automotive (NASDAQ: PSNY) stock got crushed over the last week of trading. The company’s share price ended this week’s session down 37.1% from last Friday’s market close, according to data from S&P Global Market Intelligence. Polestar confirmed on May 23 that it was postponing the release of its first-quarter earnings report due to ongoing […]
(Reuters) -Swedish electric vehicle firm Polestar said on Friday it was notified by the Nasdaq for not meeting the exchange’s listing rules related to the timely filing of the company’s annual report with the U.S. securities regulator. The company said it is working to file its annual report for the fiscal year ended Dec. 31 […]
Swedish automaker Volvo Cars (VOLCAR-B.ST) has been on tear recently. Volvo, owned by China’s Geely, reported deliveries surged in 2023 to 708,000 cars, resulting in SEK 399.3 billion ($38.37 billion) in revenue, a 21% jump from a year ago. Profit also surged 43% in the year to SEK 25.6 billion ($2.46 billion), resulting in operating […]