EV Car marker Stellantis Mass Leetrenched its Engineers!

[Pinkieslut]

 

[Leongsam]

Stellantis makes the worst cars on earth I'm surprised they have not fired EVERYONE and closed shop to put everyone out their misery.

 

[k1976]

LuckiLee，good hands invented COE and ERP that make money much easier than Build EV, Right Boss John?

 

[blackmondy]

Never heard it it, it's no wonder there's retrenchment.

 

[k1976]

https://www.businesstimes.com.sg/co...r-maker-polestar-cut-around-450-jobs-globally

Polestar already chop 450 post 2mth ago

 

[k1976]

Hamburger​

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Electric car maker Polestar to cut around 450 jobs globally​

Published Fri, Jan 26, 2024 · 10:45 pm

“As part of this business plan, we need to adjust the size of our business and operations. This involves reducing external spend and, regrettably, also our number of employees,” Polestar says.

PHOTO: REUTERS

Electric Vehicles​

ELECTRIC car maker Polestar Automotive Holding plans to cut around 450 jobs globally, or about 15 per cent of its workforce, amid “challenging market conditions”, the Swedish company said on Friday (Jan 26).

Over the past year, many automakers have warned that the anticipated growth in electric vehicles (EVs) has been slow to emerge due to poor demand, heavy price cuts, lower subsidies, and supply chain issues.

Polestar in November trimmed delivery forecasts and outlined a revised business plan, aiming for its cash flow to break even in 2025 and to reduce its reliance on external funding from key owners Volvo Cars and Geely.