Goldman funds to take $900 million hit on Northvolt, FT reports
Funds managed by Goldman Sachs will write off nearly $900 million after Swedish lithium-ion battery producer Northvolt filed ...
Goldman Funds Take $900 Million Hit on Northvolt, FT Says
Funds managed by Goldman Sachs Asset Management are set to write off almost $900 million on investments in Swedish battery ...
An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak ...
Goldman on the hook for nearly $900M loss on Northvolt stake: report
Goldman Sachs (NYSE:GS) will take a nearly $900M hit after Swedish EV battery maker Northvolt filed for chapter 11 bankruptcy ...
Goldman Sachs takes $1.4b hit on green battery investment
The US bank is the second-largest shareholder in Swedish battery maker Northvolt which has filed for Chapter 11 bankruptcy.
Daily Sabah3h
Northvolt crisis deals blow to Europe's EV battery ambitions
The financial collapse of Swedish electric battery maker Northvolt dealt a blow to Europe's plan to set up its own industry ...
Goldman Sachs Shares Continue To Zoom Despite Taking A ₹7,500 Crore Hit After Northvolt Files For Bankruptcy
In this major development, Goldman Sachs will be writing off a monumental amount of nearly USD 900 million. This amount to Rs ...
The Jakarta Post5h
Northvolt crisis may be make or break for Europe's EV battery ambitions
The Swedish company, whose motto is "make oil history", has received more than $10 billion in equity, debt and public ...
Northvolt’s Collapse Countdown Started With BMW Pulling the Plug
For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse ...
The Financial Times9h
UPS and Northvolt show the public and private market disconnect
The rules are different in private equity. The Financial Times reported over the weekend that Goldman Sachs would write down its $900mn investment in troubled battery maker Northvolt to zero. Earlier ...
Northvolt goes from Europe battery promise to crisis
Sweden's Northvolt said on Thursday it will seek U.S. Chapter 11 bankruptcy protection as the cash-strapped battery start-up seeks to sort out its finances.