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Reading: Polestar CEO Thomas Ingenlath is stepping down amid flagging sales
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Dubai News Club > Tech > Polestar CEO Thomas Ingenlath is stepping down amid flagging sales
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Polestar CEO Thomas Ingenlath is stepping down amid flagging sales

Press Room
Last updated: 2024/08/28
Press Room
Published: August 28, 2024
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Polestar CEO Thomas Ingenlath is resigning from his position and will be replaced by Michael Lohscheller, who previously served as CEO of Stellantis-owned carmaker Opel, the automaker announced Tuesday.

The move comes as Polestar has struggled to keep its finances up amid a wider slowdown in EV sales growth. It has gone through several rounds of layoffs and recently saw Volvo drastically reduce its stake in the company. Polestar is expected to report its second quarter earnings on August…

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