From Yahoo Finance: 2025-04-30 08:03:00

Polestar pauses 2025 forecast due to tariffs, causing U.S.-listed shares to drop 6%. CEO warns of hit from American import duties, plans to shift manufacturing to U.S. and Europe. Trump’s trade policy forces automakers to pull forecasts, sign executive order to soften auto tariffs. Polestar faces tariff impacts on exports to U.S.

Polestar expects 30-35% growth in vehicle sales and improved gross margin through 2025. Discounts targeting Tesla owners boost demand in U.S. despite tariff concerns. Company delays publication of 2024 annual report to May 14, following previous financial disclosure issues. First-quarter results expected in May.

Volvo Cars CEO discusses collaboration with Chinese owner Geely and potential ties with Polestar for Slovakia factory. Move could benefit Polestar’s manufacturing operations amid competition. Previous leadership of Volvo Cars diluted stake in Polestar, ceased funding, raising concerns about liquidity for production expansion.

Read more: EV maker Polestar pauses annual forecast amid tariff uncertainty