volvo
The Great Reset falters as major players like Ford, Volvo, and Apple face setbacks in EVs.
The Great Reset is dying, with EV’s leading the way. Ford just slashed production of its much-hyped electric F-150 after losing $5 billion on EV's. Volvo’s cutting off its EV division. Apple just announced they’re giving up on EV’s after plowing $10 billion into unicorn farts.… pic.twitter.com/PmDH83qcvG — Peter St Onge, Ph.D. (@profstonge) March 4, …
Volvo, An Early Electric Car Adopter, Cuts Off Funding For Its EV Affiliate – Stock jumps 20%!
Volvo Car said it won’t provide further funding to Polestar, the electric-car maker it created with Volvo’s Chinese owner Geely—the latest EV retrenchment by the global auto industry. The auto industry’s pivot to electric vehicles has been rocked by setbacks this year, just as a flood of new battery-powered models is hitting showrooms. Earlier this …
EV industry leader Volvo cancels all funding for Electric Cars.
STOCKHOLM—Volvo Car said it won’t provide further funding to Polestar, the electric-car maker it created with Volvo’s Chinese owner Geely—the latest EV retrenchment by the global auto industry. The auto industry’s pivot to electric vehicles has been rocked by setbacks this year, just as a flood of new battery-powered models is hitting showrooms. Earlier this …