Electric car firm Polestar to make redundancies

Electric car manufacturer Polestar is to make redundancies within its research and development (R&D) teams.

The firm, which has an R&D centre at MIRA Technology Park in Nuneaton, Warwickshire, and another centre at Ansty Business Park in Coventry, said the redundancies were a result of engineering work for Polestar 5 now reaching completion.

"Regrettably, some engineering roles will no longer be required, which will see a reduction of a number of research and development employees," Polestar said.

In a statement, the firm added it would initially make reductions through voluntary redundancy.

"Polestar remains committed to maintaining R&D operations in both the UK and Sweden," a spokesperson added.

The Swedish firm, owned by Volvo and Geely, sells in 27 markets around the world.

Its latest model, the Polestar 5, is set to be released this year and was partly designed at MIRA.

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