Sweden

On July 19, Tobii announced that it is executing an expanded cost reduction program. These measures involve focusing on its product portfolio and refining its organizational structure, which enables it to reduce overall staffing and operational expenses. Tobii is the global leader in eye tracking and a pioneer of attention computing.

It has also started to realize cost synergies from integrating Autosense, and this process will continue through the rest of 2024 and 2025. The current cost measures are projected to reduce cash-related operational expenses by approximately SEK 200 million over the next four quarters, compared to the baseline of the second quarter of 2024. It continues to integrate its expanded Autosense business and realize its potential as a top player in the automotive interior sensing space.

Based on Tobii press release 

On July 18, Volvo Cars announced that it would face complexities for the EX30 model in the short term due to potential EU tariffs on Chinese EVs. The company will gain clarity on the impact of tariffs once the EU investigation concludes later in 2024.

The company expects a rise in the market share of fully electric cars compared to 2023, supported by its recent car launches. However, it also believes that economic and political uncertainties will continue.

Despite facing macroeconomic and geopolitical complexities, the company still expects its cash flow to be neutral for the full years 2024 and 2025, supported by its strong operational fundamentals.

Based on Volvo Cars press release

On July 10, Polestar announced that it had received notice from the Nasdaq Stock Market LLC that it is not currently meeting the USD 1.00 minimum bid price requirement, as outlined in Nasdaq Listing Rule 5450(a)(1).

According to the notice, Polestar has 180 days, until January 2, 2025, to meet Nasdaq's requirement of having its closing bid price at or above USD 1.00 per share for ten consecutive business days to regain compliance. If the company misses the deadline, Nasdaq rules may allow an additional 180-day period for the company to regain compliance.

The notice will not affect the listing of Polestar’s securities on Nasdaq, as long as the company continues to meet other listing requirements.

Polestar aims to achieve cash flow break-even by late 2025, due to its increasing business momentum, growing model line-up, and diversified manufacturing footprint.

Based on Polestar press release