Polestar Obtains $600M Funding Boost: TDS

      The latest automotive news and reviews, no nonsense

      Our daily newsletter, delivered free each weekday, brings you the stories that truly matter.

      Good morning and welcome to The Downshift, or TDS for short.

      Efficient and concise, TDS compiles the freshest automotive news from around the world into one location. Each story is summarized in a sentence with a link for those who want to dive deeper.

      🚨 I will be undergoing surgery today, and tomorrow Senior Editor Adam Ismail will take over TDS duties, which means our publication schedule will shift slightly. Additionally, we will slow things down during the holiday season, with tomorrow marking the last 2025 edition of TDS until we return to our regular pace in the new year.

      I can't have coffee or any food or drink, so let’s get right to it.

      🚘 What I’m driving: The 2026 Hyundai Palisade Hybrid has left my driveway, and I’ll need clearance to drive again before discussing another vehicle, so we’ll catch up in the new year.

      💰 Polestar has secured a credit agreement with its Chinese parent company, Geely, through Geely Sweden Holdings AB, its Swedish investment arm; this $600 million agreement includes a final $300 million that will require lender consent based on the automaker’s future liquidity needs.

      ⛽️ Nissan dealers are seeking new products, improved margins, and hybrids, all while safeguarding their profits.

      🚕 Waymo’s autonomous taxis were immobilized in traffic during a power outage in San Francisco.

      📉 New vehicle sales are expected to decline in 2026 compared to current levels in 2025.

      🤑 Tesla has officially won the final court case regarding CEO Elon Musk’s compensation package, as ruled by the Delaware Supreme Court.

      🐎 The New York State Police will be adding Ford Mustang GTs to their fleet.

      Do you have feedback on TDS's formatting? Drop us a line: [email protected]