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

Seeking Alpha on MSN · 22h

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,

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.

Bloomberg L.P. · 22h

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, EV and Europe

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.

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, stirring a debate about whether it needs to do more to attract investment as startups struggle to catch up with Chinese rivals.

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.

9h

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 ...

2don MSN

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

Northvolt's CEO and co-founder Peter Carlsson is stepping down, the Swedish maker of battery cells for electric vehicles said ...

NBC Los Angeles3d

Battery giant Northvolt files for bankruptcy in major setback to Europe's EV ambitions

Swedish battery maker Northvolt filed for Chapter 11 bankruptcy protection in the U.S., delivering a blow to Europe's ...

2d

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 ...

DPA International on MSN1d

German minister 'cautiously optimistic' about battery firm Northvolt

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

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 ...

1h

This Battery Startup Raised $15 Billion. Then It Went Bust.

Sweden’s Northvolt was once a darling of the battery industry and Europe’s best hope for competing with China’s dominant ...

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