Swedish Battery Maker Northvolt Files for Chapter 11 Protection
Northvolt, a major Swedish battery maker, filed for bankruptcy in the U.S., seeking to restructure the debt it had taken on to pay for its rapid expansion.
Northvolt files for Chapter 11 bankruptcy in US, secures financing
Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., and said it has secured $100 million in new financing for the process.
Northvolt CEO resigns as Europe's big hope for a battery champion files for bankruptcy
The chief executive of Northvolt stepped down on Friday, shortly after the Swedish battery maker filed for Chapter 11 bankruptcy protection in the U.S.
Northvolt’s Ex-Tesla CEO Quits In EV Battery Bankruptcy Fallout
The CEO of Northvolt, Peter Carlsson, today resigned amongst ongoing fallout from the Swedish EV battery maker’s U.S. Chapter 11 bankruptcy filing.
Scania says it will lend Northvolt $100 mln under US Chapter 11 bankruptcy deal
Swedish truckmaker Scania said on Thursday it will lend Northvolt $100 million as part of the struggling Swedish battery maker's U.S. Chapter 11 bankruptcy protection deal.
Europe EV battery maker Northvolt files for bankruptcy protection, Reuters says
Struggling Swedish EV battery maker Northvolt filed for U.S. Chapter 11 bankruptcy protection on Thursday after failing to establish a funding
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.
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Kirkland & Ellis and A&O Shearman advise as Northvolt begins Chapter 11 proceedings
Kirkland & Ellis and A&O Shearman are advising Swedish battery maker Northvolt as it enters Chapter 11 restructuring ...
devdiscourse6d
Northvolt's Strategic Move: Chapter 11 Reorganization
Northvolt enters Chapter 11 reorganization to secure $145 million cash collateral and $100 million financing. Operations in ...
Goldman Funds to Take $900 Million Hit on Northvolt, FT Reports
The Goldman private equity funds, which together ranked as the second-largest shareholders in Northvolt, plan to write down ...
Northvolt Collapse Countdown Started With BMW Pullback
For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse ...
devdiscourse5d
Northvolt's Crisis: From EV Hope to Chapter 11
Northvolt's CEO Peter Carlsson steps down as the company files for Chapter 11 bankruptcy, seeking $1.2 billion to recover from production and funding struggles. The company aims to reorganize and ...
bestmag5d
Northvolt files for Chapter 11 protection
Sweden’s Northvolt filed for Chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas on 21 ...
How to Analyze the Northvolt Bankruptcy Using Toyota’s ‘Five Whys’ Technique
Here is a preliminary five whys analysis of Northvolt’s bankruptcy based on recent research: After reporting a $1.2 billion ...
electrive11h
VW and Goldman Sachs write off Northvolt shares
Northvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...