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Polestar CEO Thomas Ingenlath is stepping down amid flagging sales

Polestar CEO Thomas Ingenlath is resigning from his position and will be replaced by Michael Lohscheller, who previously served as CEO of Stellantis-owned carmaker Opel, the automaker announced Tuesday. The move comes as Polestar has struggled to keep its finances up amid a wider slowdown in EV sales growth. It has gone through several rounds of layoffs and recently saw …

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Goldman Sachs concerned by how quickly market confidence has recovered

A Goldman Sachs trader work on the floor of the New York Stock Exchange in New York. Ramin Talaie | Getty Images The speedy return of market confidence following a dramatic global sell-off in risky assets should be seen as a cause for concern, according to the head of asset allocation research at Goldman Sachs. Speaking to CNBC’s “Squawk Box …

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