Saturday, May 18, 2024
Polestar's future is set to be redefined with the upcoming Polestar 7, a departure from traditional naming conventions symbolizing innovation and design evolution. The CEO's strategic direction focuses on creative freedom and a unique vehicle identity, promising a revolutionary addition to Polestar's electric lineup.
Polestar has disclosed the U.S. pricing for its highly anticipated Polestar 3 as it gears up for shipment. The electric midsize SUV impresses with 517 horsepower, spacious seating for five, and elegant Swedish design. The starting price, including the $1,400 destination fee, is now set at $74,800, reflecting a significant price adjustment. Additionally, the Performance Pack introduces enhancements like 22-inch forged wheels and chassis tweaks, albeit with a trade-off of reduced efficiency. All models qualify for a Polestar Clean Vehicle Incentive of $7,500 on lease transactions.
Hertz halts acquisition of 65,000 Polestar EVs, shifting away from electrification plans after Tesla exit. Repair costs, depreciation woes cited. Polestar CEO reveals Hertz's pause in late 2023. Polestar agrees to halt agreement under conditions. Hertz's move impacts Polestar stocks, with uncertain revival prospects. Hertz's financial status awaited post-bankruptcy.
