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Northvolt, Goldman Sachs

electrive · 5h

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 battery maker. What does that mean for the cash-strapped company?

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.

The Financial Times · 4d

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 in exposure to Northvolt, making the US bank its second ...

Volkswagen wrote down majority of its stake in Northvolt

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 filed for bankruptcy protection in the United States last week, two people familiar with the matter said.

Seeking Alpha on MSN · 1d

Volkswagen records major writedown on its stake in battery maker Northvolt - Reuters

Volkswagen and Goldman Sachs write off stakes in Northvolt due to missed production targets, resulting in significant financial losses.

The Financial Times · 1d

Volkswagen wrote down majority of its stake in Northvolt over past year

Volkswagen has written down the majority of its 21 per cent stake in Northvolt over the past year ahead of the Swedish battery maker’s filing for Chapter 11 bankruptcy, according to people close to the German carmaker.

3don MSN

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 ...

Climate Crisis 247 on MSN1d

Not A Bright Spark? Goldman Sachs Loses Almost $1 Billion On EV Battery Company

Goldman Sachs has a smudge on its face when it comes to electric vehicle batteries. The storied Wall Street giant was a major ...

4don MSN

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 ...

Legal Business1h

Kirkland & Ellis and A&O Shearman advise as Northvolt begins Chapter 11 proceedings

Kirkland & Ellis and A&O Shearman are advising Swedish battery maker Northvolt as it enters Chapter 11 restructuring ...

1don MSN

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, ...

1d

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 ...

3d

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.

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Northvolt's bankruptcy: The end of Europe's electric dream?

It was Europe's flagship battery production. At least, it wanted to be. The Swedish company Northvolt was placed under ...

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