northvolt bankruptcy news

Sweden's Northvolt files for bankruptcy

Opinion | Northvolt’s Bankruptcy and the EV Crash

Europe’s auto layoffs and Northvolt’s failure are warnings to the U.S. The domestic auto industry last week sent a letter to Donald Trump urging him not to scale back EV “in

Fast Company · 2d

Northvolt files for bankruptcy—putting the breaks on Europe’s EV dreams

Northvolt transformed in a matter of months from Europe's best shot at a homegrown electric-vehicle battery champion to a struggling company.

Yahoo · 3d

Northvolt Files for Bankruptcy With Debt of $5.8 Billion

Northvolt AB filed for bankruptcy protection in the US after a desperate bid to secure rescue funding fell short, leaving the struggling battery maker with just one week’s cash in its accounts.Most Re

Volkswagen wrote down majority of its stake in Northvolt

Reuters on MSN · 4h

Volkswagen has taken major writedown on Northvolt stake, sources say

Volkswagen , Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States last week, two people familiar with the matter said.

The Financial Times · 2h

Volkswagen wrote down majority of its stake in Northvolt over past year

Volkswagen has written down the majority of its 21 per cent stake in Northvolt over the past year ahead of the Swedish battery maker’s filing for Chapter 11 bankruptcy, according to people close to the German carmaker.

Seeking Alpha · 2h

Volkswagen records major writedown on its stake in battery maker Northvolt - Reuters

Volkswagen and Goldman Sachs write off stakes in Northvolt due to missed production targets, resulting in significant financial losses.

autoweek on MSN2d

Northvolt Files for Bankruptcy, CEO Departs

Northvolt's US unit files for Chapter 11 bankruptcy protection as CEO Peter Carlsson, who has led the startup since 2016, ...

Northvolt chief warns of faltering green transition after battery maker’s bankruptcy

Northvolt’s chief executive has resigned a day after Europe’s big battery hope filed for bankruptcy in the US. Peter Carlsson took responsibility for the dramatic collapse during a town-hall meeting ...

An EV battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash

Northvolt had struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak ...

Sweden's Northvolt appoints restructuring expert to oversee main facility -report

Northvolt has appointed restructuring expert Paul O'Donnell to oversee the lithium-ion battery maker's main facility in ...

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Sweden's Northvolt files for bankruptcy

Volkswagen wrote down majority of its stake in Northvolt

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