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 ...
Goldman Funds Take $900 Million Hit on Northvolt, FT Says
Funds managed by Goldman Sachs Asset Management are set to write off almost $900 million on investments in Swedish battery ...
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 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 ...
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.
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
Explore the financial collapse of Northvolt and its impact on Europe electric car battery industry amid fierce competition ...
Goldman Sachs Shares Continue To Zoom Despite Taking A ₹7,500 Crore Hit After Northvolt Files For Bankruptcy
In this major development, Goldman Sachs will be writing off a monumental amount of nearly USD 900 million. This amount to Rs ...
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 ...
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Northvolt crisis may make or break Europe's electric vehicle battery ambitions
Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...
Northvolt goes from Europe battery promise to crisis
Sweden's Northvolt said on Thursday it will seek U.S. Chapter 11 bankruptcy protection as the cash-strapped battery start-up seeks to sort out its finances.
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An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
In bankruptcy documents, Goldman Sachs, JPMorgan, and Microsoft were all listed as creditors. It had raised more than $15 billion since its founding in 2016. Northvolt said it had secured extra ...