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Michael Lohscheller’s appointment follows the start of US production for the Polestar 3.<\/li>\n
Polestar faces Nasdaq delisting as its stock price remains below the $1 per share threshold.<\/li>\n
The company’s global sales fell by 40% in Q1, adding pressure on the new CEO to drive growth.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n
Since the Polestar<\/a> brand was spun off into an electric vehicle maker, it has been led by Thomas Ingenlath. However, on October 1, he will be replaced by Michael Lohscheller, an industry veteran that the firm likely hopes will be able to steer the ship in the right direction.<\/p>\n
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