At the beginning of February this year Volvo decided to handover it 44% stake in Polestar to China’s Geely making them the direct owner of brand. Geely already own over 78% of Volvo.
Polestar has been struggling to make headway and its shares are down more than 83% since publically listing in 2022.
Polestar said last month that it had missed its already-reduced delivery targets for 2023.
Sounds like a perfect recipe for Polestar to be a prime contender for Motability!