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Volvo Cars: No Money to Northvolt
The car manufacturer Volvo Cars does not intend to participate in the financing that could save the crisis-stricken battery manufacturer Northvolt from bankruptcy, reports the news agency Bloomberg. Absolutely not, says Volvo Cars' CEO Jim Rowan.
Reports: Major Shareholder Considers Saving Northvolt
The investment bank Goldman Sachs, the second-largest shareholder in crisis-stricken Northvolt, is considering joining forces with other investors to rescue the battery manufacturer, according to [Bloomberg](https://www. bloomberg.
Northvolt source: 150 million euros secured
Crisis-ridden Northvolt is holding talks with lenders and investors to raise 200 million euros, approximately 2. 3 billion Swedish kronor, according to several media outlets citing the news agency Reuters.
Northvolt CEO: Will pay 287 million kronor according to plan
On Monday, Northvolt must pay a tax debt of 287 million kronor. The alternatives are bankruptcy, reconstruction – or personal payment liability for the board.
Northvolt owner: The situation is serious
The battery manufacturer Northvolt's cash reserves need to be replenished. Major lenders are meeting today to discuss a new lifeline, according to the news agency Bloomberg.
Panic as record-speed election organisation gets underway
Dragged-out semesters, cancelled weddings and thousands of called-up volunteers. In France, the municipalities are struggling to organise parliamentary elections at record speed – at the same time as school leavers' ceremonies and the Olympics are looming.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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