Volkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, reported Reuters.

At the end of 2023, Volkswagen reported the book value of its shareholding in the Swedish firm at 693 million euros (USD 726 ...

Nothvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...

Established by Volkswagen in 2022, PowerCo is committed to building six battery cell gigafactories by 2030 with a combined annual volume of 240 GWh – enough for about ...

Volkswagen AG VWAGY, the largest shareholder in Swedish battery maker Northvolt, has significantly reduced its 21% stake in Northvolt following the battery maker’s recent bankruptcy protection filing ...

Israeli Prime Minister Benjamin Netanyahu said Tuesday that he would recommend his cabinet adopt a United States-brokered ...

Europe risks losing investments and industrial jobs to countries including the US if the region fails to cut red tape and ...

President-elect Donald Trump’s team has signed an agreement with the White House unlocking key transition briefings and ...

Volkswage has significantly written down its 21% stake in Northvolt that filed for bankruptcy protection in the U.S. last ...

(Bloomberg) -- Embattled electric-vehicle battery maker Northvolt AB hired financial adviser Houlihan Lokey Inc. to help it ...

Lockheed Martin has felt financial strain as early funding for the upcoming F-35 jets dried up, but kept working on them to avoid supply chain disruptions.

A Congress MLA in Karnataka has asked Chief Minister Siddaramaiah to cancel some election guarantees, flagging a lack of funds, which has left the state government red-faced.