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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,

Bloomberg L.P. · 19h

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,

Sweden’s Northvolt Files For Bankruptcy

The Wall Street Journal on MSN · 1d

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.

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.

Fast Company · 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 struggling company.

7h

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 ...

1d

Northvolt CEO Peter Carlsson Steps Down

The Swedish battery maker said Carlsson will become a senior adviser as the company enters U.S. bankruptcy and initiates a ...

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 MSN21h

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 ...

1d

‘There was so much promise’: How Northvolt tumbled into bankruptcy

Battery champion became a symbol of Europe’s ambitions and then its failings on its way to Chapter 11 proceedings ...

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