Nothvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...

The write down reflects the challenges faced by Northvolt, including missed production targets and a slower-than-expected ...

Struggling Swedish EV battery maker Northvolt filed for U.S. Chapter 11 bankruptcy protection on Thursday after failing to establish a funding ...

Plus, Northvolt’s bankruptcy leads to investor losses and Blackstone teams up with energy giant in new financing deal ...

Peter Carlsson, the CEO and co-founder of Northvolt, quit the company last week and in doing so revealed that it needed a ...

At the end of 2023, Volkswagen reported the book value of its shareholding in the Swedish firm at 693 million euros (USD 726 ...

Founded in 2016 by two former Tesla executives, Northvolt managed to win the backing of major financiers and customers, ...

Swedish battery company Northvolt’s bankruptcy filing could affect Canadian pension plans, even though its subsidiary’s ...

Volkswage has significantly written down its 21% stake in Northvolt that filed for bankruptcy protection in the U.S. last ...

HSBC downgraded Wall Street banks Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) to Hold from Buy as the stocks' recent rallies have more than reflected their improved fundamental outlooks. As ...

A local manufacturing facility is set to permanently close, according to a WARN notice. On Jan. 22, 2025, the idX plant in ...

A Michigan dessert shop opened a Milwaukee location last week at 5663 S. 27th St. La Gelati opened its first Wisconsin ...