In contrast, Northvolt AB’s debt amounted to around $5.84bn (€5.61bn). Filing for bankruptcy will give the company access to about $245m (€234.34m) worth of new financing, as it is a ...

Northvolt AB’s subsidiary, Northvolt Ett Expansion AB, was carrying out the factory expansion in Skellefteå until its bankruptcy filing on October 8 last year. This followed Northvolt’s decision ...

During his election victory speech, Prime Minister Mark Carney repeated one of his favourite campaign slogans and vowed to ...

Lilium's collapse has claimed another victim, with German battery supplier CustomCells - which had pledged to fund the ...

March 11, 2025 Northvolt close to filing for bankruptcy in Sweden, newspaper DN reports Northvolt, the Swedish maker of battery cells for electric vehicles, may be close to filing for bankruptcy ...

The announcement comes a few weeks after the company filed for bankruptcy in Sweden ... to restructure financially, including filing for Chapter 11 in the United States and obtaining support from ...

After Northvolt's bankruptcy, Novo Energy, co-owned by Volvo Cars, is cutting 50% of its workforce to reduce costs. Despite ...

Dealing with crushing debt in today's high-rate economy? Here's when bankruptcy might be your best path forward.

The public company skipped a bond interest payment and entered a 30-day grace period on April 1.