
Polestar, Volvo’s sister company in Geely’s growing portfolio of automotive marques, will lay off about 15% of its workforce globally, which amounts to roughly 450 people losing their jobs, the manufacturer said on Friday, according to Reuters.

Polestar, Volvo’s sister company in Geely’s growing portfolio of automotive marques, will lay off about 15% of its workforce globally, which amounts to roughly 450 people losing their jobs, the manufacturer said on Friday, according to Reuters.