A combination of shareholders, lenders and customers are participating in the bridge funding, and the instruments vary among these groups, a source said.

Volvo Car AB is shaking up its management team, with Chief Commercial Officer and Deputy CEO Bjorn Annwall leaving the company.

Swedish battery maker Northvolt is pausing part of the production at its flagship factory and cutting the workforce to cope with a drop in electric vehicle demand.

Polestar named Michael Lohscheller its new CEO as the electric vehicle maker seeks to stem deepening losses and fix ongoing operational problems.

Logistics firm DSV plans to buy 300 electric heavy trucks from Volvo AB in what would be one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered rigs.

Polestar Automotive Holding UK Plc has started production of its Polestar 3 sport utility vehicle in the U.S. to sidestep the nation’s tariffs on Chinese-made electric vehicles.

Polestar Automotive Holding UK Plc reported deepening losses for last year as the EV maker faced weaker demand amid organizational challenges that delayed its earnings report.

Swedish truck maker Scania is ramping up production of electric rigs now that previously delayed batteries from Northvolt AB have begun arriving in greater numbers at its factory in Sodertalje.

Volvo Car AB is recalling all of the almost 72,000 units it has made of its new flagship model — the fully electric EX30 — due to a software issue.

Volvo Car AB produced its last automobile with a diesel engine this week, ending an era for the manufacturer that plans to only make electric vehicles by 2030.