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Company Directory

Company Directory - Polestar

Company Details - Polestar

Polestar Logo

Polestar

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Polestar is an electric performance car brand that is a joint venture between Volvo and Geely, offering innovative electric vehicle solutions.

CCI Score

CCI Score: Polestar

-14.53

0.02%

Latest Event

Polestar Launches $15,000 Incentive Amid Tesla Political Backlash in Canada

In response to growing protests and political controversies surrounding Tesla and its association with far-right political figures, Polestar has introduced a $15,000 incentive package for Canadian drivers switching from Tesla. This move is seen as an effort to attract consumers disillusioned by Tesla's political ties and participation in a market increasingly sensitive to issues of corporate complicity in authoritarian practices.

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ENABLER

Polestar is currently rated as an Enabler.

-10 to -19 CCI Score
Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

  • Polestar Launches $15,000 Incentive Amid Tesla Political Backlash in Canada Logo
    MAR
    25
    2025

    In response to growing protests and political controversies surrounding Tesla and its association with far-right political figures, Polestar has introduced a $15,000 incentive package for Canadian drivers switching from Tesla. This move is seen as an effort to attract consumers disillusioned by Tesla's political ties and participation in a market increasingly sensitive to issues of corporate complicity in authoritarian practices.

  • Polestar Undergoes Strategic Restructuring Amid Funding Halt Logo
    FEB
    05
    2024

    Polestar faces a major strategic shift as Volvo halts its funding for the luxury electric vehicle brand and transfers control to China’s Geely. The move, accompanied by a 15% job cut, raises questions about Polestar's business practices and economic stability, potentially impacting its ethical responsibility towards employees and long‐term structural influence.

  • -20

    Business Practices and Ethical Responsibility

    March 25

    The funding halt and subsequent job cuts indicate problematic business practices. Reducing the workforce by 15% under challenging market conditions reflects poorly on Polestar's commitment to ethical responsibility and fair labor practices. Such decisions can undermine community trust and employee welfare, which are key factors in assessing corporate complicity in broader oppressive structures.

    Volvo shifts focus as it halts funding for Polestar, hands control to Geely

  • -10

    Economic and Structural Influence

    March 25

    The transfer of control from Volvo to Geely raises structural concerns regarding Polestar's long-term economic stability and strategic direction. This shift in ownership could potentially expose the company to vulnerabilities and misaligned incentives, affecting its capacity to maintain sustainable operations.

    Volvo shifts focus as it halts funding for Polestar, hands control to Geely

  • Polestar Workforce Reduction Raises Labor Concerns Logo
    JAN
    29
    2024

    Polestar announced layoffs impacting roughly 15% of its workforce as part of a cost-cutting strategy aimed at reaching break-even by 2025. This decision raises questions over the company's commitment to labor rights and fair human resource practices, reflecting broader concerns about corporate prioritization of profit over employee welfare.

  • -50

    Labor Relations and Human Rights Practices

    March 25

    Polestar's decision to lay off 15% of its workforce signals a troubling approach to labor relations. In a context where worker rights are paramount to ethical business practices, reducing staff as a cost-cutting measure undermines employee security and fair labor standards. Such actions contribute to a broader pattern of corporate behavior that can be seen as complicit in undermining social stability, resonating with concerns about the rise of authoritarian practices that prioritize profit over human rights.

    Polestar lays off around 15 per cent of its workforce

  • Polestar workforce reduction raises labor rights concerns Logo
    JAN
    27
    2024

    On January 27, 2024, Polestar announced plans to cut approximately 15% of its global workforce—roughly 450 positions—in a bid to reduce costs. This move has raised concerns regarding the company’s commitment to fair labor practices and worker security, aligning negatively with anti-fascist critique of exploitative labor practices.

  • -50

    Labor Relations and Human Rights Practices

    March 25

    Polestar’s decision to enact significant layoffs under the guise of cost-cutting amid challenging market conditions demonstrates a disregard for worker stability and fair labor practices. Viewed through an anti-fascist lens, such measures contribute to systemic exploitation of workers and undermine the ethical responsibilities businesses owe to their employees.

    Polestar cutting around 15 percent of its global workforce

  • Polestar Global Restructuring and Job Cuts Logo
    JAN
    26
    2024

    Polestar announces a global restructuring plan resulting in 250 job cuts in Sweden and an additional 200 layoffs worldwide, constituting a 15% reduction in its workforce. This move, undertaken amid challenging economic circumstances, raises concerns regarding the company's labor practices and treatment of its employees, highlighting potential vulnerabilities in ensuring fair labor rights.

  • -40

    Labor Relations and Human Rights Practices

    March 25

    The significant workforce reduction at Polestar—entailing both domestic and global layoffs—suggests a concerning disregard for sustainable labor practices. Although negotiations with trade unions are underway, the decision to cut a large proportion of white-collar jobs indicates potential shortcomings in protecting employee rights. This event is a negative signal within the Business Practices and Ethical Responsibility sphere, specifically under the category of Labor Relations and Human Rights Practices, and raises questions about the company's broader commitment to fair labor policies.

    Polestar Performance | Internal restructuring | Factsheet 200717 - Europa

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