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Goldman on hook for nearly $900M loss on Northvolt stake

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 for Chapter 11 bankruptcy earlier this week, Britain's Financial Times reported on Saturday.

Seeking Alpha on MSN · 19h

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 protection in the US earlier this week, the Financial Times reported Saturday,

bnnbloomberg · 2h

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 maker Northvolt AB, which filed for bankruptcy protection this week, the Financial Times reported,

Bloomberg L.P. · 18h

Goldman Funds Take $900 Million Hit on Northvolt Stake, FT Says

Funds managed by Goldman Sachs Asset Management are set to write off almost $900 million on investments in Swedish battery maker Northvolt AB, which filed for bankruptcy protection this week, the Financial Times reported,

Northvolt CEO resigns

TechCrunch · 1d

Battery unicorn Northvolt files for bankruptcy, co-founder and CEO resigns

Beleaguered Swedish battery manufacturer Northvolt announced on Thursday that it was filing for bankruptcy in the U.S., striking a blow to Europe’s ambitions for homegrown lithium-ion batteries.

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.

The New York Times · 2d

Northvolt, Europe’s Hope for a Battery Champion, Files for Bankruptcy

The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles.

6h

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 ...

1don MSN

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 ...

1d

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 ...

2don MSN

Sweden's Northvolt files for bankruptcy, in blow to Europe's EV ambitions

Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy ...

autoweek on MSN1d

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, ...

DPA International on MSN20h

German minister 'cautiously optimistic' about battery firm Northvolt

German Economy Minister Robert Habeck expressed cautious optimism about the future of financially troubled Swedish electric ...

The Globe and Mail2d

EV battery-maker Northvolt declares bankruptcy, CEO resigns

Northvolt AB’s founding chief executive stepped down on Friday as the struggling European maker of electric-vehicle ...

Northvolt CEO steps down, saying group needs up to $1.2bn

Northvolt’s CEO and co-founder Peter Carlsson stepped down yesterday, a day after Europe’s biggest hope for an electric ...

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