Q3 net loss widens to $365 million from $323 million a year ago Revenue jumps 36% in Q3, but tariffs and costs hit margins Shares drop as much as 17% Nov 12 (Reuters) – Polestar reported a wider third-quarter loss on Wednesday and said it would conduct a reverse stock split – reducing the number…
BEIJING/SHANGHAI, Oct 30 (Reuters) – China’s BYD Co Ltd (002594.SZ), opens new tab, on Monday posted record third-quarter earnings, its highest ever for any quarter, as the electric vehicle giant preserved its domestic market leadership despite softer demand and increased competition. Net profit for the third quarter reached 10.41 billion yuan ($1.42 billion), a 82.2%…
COPENHAGEN, Nov 4 (Reuters) – Volvo Cars <VOLCARb.ST, opens new tab> sold 60,455 cars in October, down 2% compared to the same period last year, the Sweden-based company said on Tuesday. “This month’s sales figures reflect the challenging market conditions that continue to impact our business,” Chief Commercial Officer Erik Severinson said in a statement….