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fromArs Technica
3 days agoPolestar 3 production consolidated to the US to keep Volvo factory busy
Volvo consolidates Polestar 3 production in Charleston, enhancing efficiency and supporting growth in the US market.
The last thing any public company wants to see is that it has a "going concern" warning, which acknowledges it may have little time to survive. The term means a company may need to restructure or liquidate part of its business. Electric vehicle (EV) company Polestar Automotive Holding UK PLC ( NASDAQ: PSNY) disclosed the problem yesterday. The announcement caused a collapse in the EV firm's shares.