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…
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….
Nov 3 (Reuters) – Electric aircraft maker Beta Technologies has raised $1.01 billion in its U.S. initial public offering on Monday, pricing its shares above its indicated range and underscoring the strong pipeline of new listings in the resurgent IPO market. The Vermont-based company sold 29.9 million shares at $34 apiece, above its indicated range…
LITTLETON, Colorado, Oct 30 (Reuters) – China’s booming car sector has upended the entire global carmaker industry over the past decade, especially its EV producers which have supplanted combustion engine cars in sales at home and have flooded global markets with record exports. But the country’s electric vehicle output and exports may now hit reverse…