Subscribe
Automakers

Polestar prepares to raise up to $1 billion for EV sales push

Polestar 4 Shanghai show 2023
The Polestar 4, shown during its world debut in April at the Shanghai auto show, will enter the European market next summer.
B
By:
Bloomberg
October 16, 2023 08:44 AM

Polestar is taking steps to raise more capital as the electric carmaker struggles with an increasingly strained balance sheet and continued cash burn.

Featured Stories

GM
GM to invest $888 million for engine production at New York facility

General Motors is investing $888 million at a New York propulsion plant to increase engine production, the company said on May 27.

KH
By:
Kalea Hall, Reuters
GM to invest $888 million for engine production at New York facility
Finance Insurance
Nissan dealership accused in lawsuit of falsifying financial, employment information of car buyers
EF
By:
Eric Freedman
Nissan dealership accused in lawsuit of falsifying financial, employment information of car buyers
EV
EVs and homes can help balance the grid with bidirectional energy storage
JF
By:
Joel Feder
EVs and homes can help balance the grid with bidirectional energy storage
Used Cars
Retailers selling only used vehicles took advantage of strong demand in 2024. See our list.
CM
By:
C.J. Moore
Retailers selling only used vehicles took advantage of strong demand in 2024. See our list.

Latest News

GM to invest $888 million for engine production at New York facility
A new twist on EV charging: plugging into the curb
BMW’s 2nd-generation M2 CS coupe delivers more zoom in lighter package
Tesla takeover of suburban Detroit shopping center parking lot lands property owner in hot water
Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

BYD’s latest incentives dim industry outlook for profits
Daily 5 report for May 22: Automakers seek North American parity with UK tariff framework
More powerful 2026 Toyota RAV4 will be hybrid-only, with U.S. production boost possible
Interactive data dashboard: Get the latest Europe sales and other key statistics
Staying current is easy with newsletters delivered straight to your inbox.