The US bank is the second-largest shareholder in Swedish battery maker Northvolt which has filed for Chapter 11 bankruptcy.

By late summer, with EV sales stagnant in Europe and its ... in-possession financing at a hefty interest rate of 16%. Northvolt will also have access to about $145 million in cash collateral. Battery ...

Goldman Sachs (NYSE:GS) will take a nearly $900M hit after Swedish EV battery maker Northvolt filed for chapter 11 bankruptcy ...

Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak ...

This move is part of a strategic effort to restructure debt, scale operations and secure a sustainable foundation for ...

German auto-parts giant Robert Bosch announced plans to cut up to 5,550 jobs across its operations, citing challenges from ...

Northvolt transformed in a matter of months from Europe's best shot at a homegrown electric-vehicle battery champion to a ...

Northvolt's US unit files for Chapter 11 bankruptcy ... As automakers continue to scramble for battery raw materials and ...

The Swedish EV battery manufacturer, Northvolt AB, and certain of its subsidiaries voluntarily filed for Chapter 11 ...

The chief executive of Northvolt stepped down on Friday, shortly after the Swedish battery maker filed for Chapter 11 ...

Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...

Northvolt has just $30 million in cash and $5.84 billion in debt, but says it can emerge from restructuring in Q1 2025 ...