Polestar Automotive Holding UK Launches Operational Review; Deliveries in Year to End September Fall

MT Newswires Live10-11

Polestar Automotive Holding UK (PSNY) said Friday that is was launching a review of operations to support further development.

The company will provide an update on its business and strategy in a live webcast on Jan. 16, 2025, including select Q3 financial and operational highlights.

The company said it intends to reduce Q3 reporting disclosures to focus company resources on the "ongoing business and strategy review and on fulfilling 2024 annual reporting requirements."

The update comes on the heels of delivery numbers for Q3 and the first three quarters of the year, released Friday.

Polestar delivered approximately 11,900 cars in Q3, taking total deliveries for the first three quarters of the year to 32,300 cars, down from 41,844 a year earlier. Polestar did not provide year-ago figures for Q3 deliveries.

Polestar also reaffirmed its goal of reaching cash flow breakeven near the end of 2025, but at volume that will be lower than expected.

Shares of Polestar Automotive were down 4.4% in recent premarket activity.

Price: 1.4100, Change: -0.07, Percent Change: -4.41

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474939180?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-11 20:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2474939180","market":"sg","top_or_hot":-1,"title":"Polestar Automotive Holding UK Launches Operational Review;  Deliveries in Year to End September Fall","media":"MT Newswires Live","content":"<html><body><p> Polestar Automotive Holding UK (PSNY) said Friday that is was launching a review of operations to support further development.</p><p>The company will provide an update on its business and strategy in a live webcast on Jan. 16, 2025, including select Q3 financial and operational highlights.</p><p>The company said it intends to reduce Q3 reporting disclosures to focus company resources on the \"ongoing business and strategy review and on fulfilling 2024 annual reporting requirements.\"</p><p>The update comes on the heels of delivery numbers for Q3 and the first three quarters of the year, released Friday.</p><p>Polestar delivered approximately 11,900 cars in Q3, taking total deliveries for the first three quarters of the year to 32,300 cars, down from 41,844 a year earlier. Polestar did not provide year-ago figures for Q3 deliveries.</p><p>Polestar also reaffirmed its goal of reaching cash flow breakeven near the end of 2025, but at volume that will be lower than expected.</p><p>Shares of Polestar Automotive were down 4.4% in recent premarket activity.</p><p>Price: 1.4100, Change: -0.07, Percent Change: -4.41</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Polestar Automotive Holding UK Launches Operational Review;  Deliveries in Year to End September Fall</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPolestar Automotive Holding UK Launches Operational Review;  Deliveries in Year to End September Fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-11 20:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Polestar Automotive Holding UK (PSNY) said Friday that is was launching a review of operations to support further development.The company will provide an update on its business and strategy in a live ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PSNY","symbol_name":"极星汽车","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2474939180","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474939180","pubTimestamp":1728649249,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Polestar Automotive Holding UK (PSNY) said Friday that is was launching a review of operations to support further development.The company will provide an update on its business and strategy in a live ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PSNY":"极星汽车","BK4099":"汽车制造商"},"translate_title":"Polestar Automotive Holding UK启动运营审查；截至九月底秋季的全年交付量","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSNY":1},"content_text":"Polestar Automotive Holding UK (PSNY) said Friday that is was launching a review of operations to support further development.The company will provide an update on its business and strategy in a live webcast on Jan. 16, 2025, including select Q3 financial and operational highlights.The company said it intends to reduce Q3 reporting disclosures to focus company resources on the \"ongoing business and strategy review and on fulfilling 2024 annual reporting requirements.\"The update comes on the heels of delivery numbers for Q3 and the first three quarters of the year, released Friday.Polestar delivered approximately 11,900 cars in Q3, taking total deliveries for the first three quarters of the year to 32,300 cars, down from 41,844 a year earlier. Polestar did not provide year-ago figures for Q3 deliveries.Polestar also reaffirmed its goal of reaching cash flow breakeven near the end of 2025, but at volume that will be lower than expected.Shares of Polestar Automotive were down 4.4% in recent premarket activity.Price: 1.4100, Change: -0.07, Percent Change: -4.41","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474939180"}