electrive13h
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 ...
Climate Crisis 247 on MSN1d
A Big Charge: Goldman Sachs’ Billion-Dollar EV Battery Bet Ends In Disaster
Douglas McIntyre, editor-in-chief at Climate Crisis, discusses Goldman Sachs’ billion-dollar loss on Northvolt, a European ...
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’s $900mn hit
Plus, Trump’s stock market honeymoon, Germany’s ‘debt brake’, and Francis Bacon at the National Portrait Gallery ...
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, ...
Volkswagen has taken major writedown on Northvolt stake, sources say
Volkswagen, Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that ...
The Financial Times4d
Goldman Sachs takes $900mn hit on Northvolt investment
Funds managed by Goldman Sachs will write off almost $900mn after Swedish battery maker Northvolt filed for Chapter 11 bankruptcy this week. Goldman’s private equity funds have at least $896mn ...
Northvolt crisis marks major blow for Europe's EV battery hopes
STORY: Northvolt’s financial collapse could spell the end of Europe’s ambitions to set up its own battery industry to power ...
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.