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 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.
Northvolt crisis may be make or break for Europe's EV battery ambitions
Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...
Northvolt chief resigns a day after battery maker collapses into bankruptcy
Northvolt’s chief executive has resigned a day after Europe’s big battery hope filed for bankruptcy in the US. Peter Carlsson ...
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Northvolt appoints restructuring manager for its battery factory
Ailing battery manufacturer Northvolt has appointed restructuring expert Paul O'Donnell as head of the Northvolt Ett factory.
Northvolt CEO resigns as battery maker starts multibillion-dollar restructuring
Stockholm-based company pinning recovery hopes partly on Quebec plant as court-monitored restructuring process begins ...
Northvolt CEO steps down, says EV maker needs up to US$1.2-billion to restore business
It now needs to raise between $1-billion and $1.2-billion to restore its business, the outgoing CEO told reporters.
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Northvolt appoints restructuring expert to oversee main battery plant
Its two largest shareholders are Volkswagen and Goldman Sachs. Northvolt, which was set up in 2016, has missed some in-house production targets and has curtailed production at its plant ...