Polestar, the manufacturer of electric cars, has secured £750 million to help it make more cars in the future and expand its business.
This cash boost comes at a crucial time because Volvo, a major stakeholder in Polestar, has decided to reduce how much of the company it owns.
Right now, Volvo has 48% of Polestar, but it plans to lower that to just 18%. This change means Polestar needs extra money to keep growing.
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An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
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