EV maker Polestar posts wider quarterly loss on tariffs, pricing pressure

News Snapshot:

A logo of Polestar is pictured on a car at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/ File Photo Purchase Licensing Rights , opens new tab STOCKHOLM, Sept 3 (Reuters) - Electric vehicle maker Polestar reported a wider loss for the second quarter on Wednesday, after U.S. tariffs and intensifying price pressure led to an impairment charge of its flagship model, Polestar 3. Despite strong sales in its home market of Europe, demand for Polestar's vehicles was pressured in the U.S., a key region, as a high cost of living...