Sweden Living World Business Sports Entertain

BMW

Crisis Expert Paul O'Donnell Becomes Chairman of Northvolt One

The battery manufacturer Northvolt's CEO Peter Carlsson has left the post as chairman of the subsidiary Northvolt Ett, which operates the battery factory in Skellefteå. Carlsson has been replaced by crisis expert Paul O'Donnell, reports the newspaper Di.

Crisis Expert Paul O'Donnell Becomes Chairman of Northvolt One

Northvolt in crisis - "Dialogue is ongoing"

The crisis-stricken battery manufacturer Northvolt is considering applying for bankruptcy protection or bankruptcy, according to several media outlets citing sources. "The dialogue about future financing is ongoing," writes the company's press spokesperson Erik Zsiga to TT about the reports.

Northvolt in crisis - "Dialogue is ongoing"

The Trade Union: Volkswagen Wants to Close Several Factories

Volkswagen is planning to close at least three factories in Germany, according to the car group's union. .

The Trade Union: Volkswagen Wants to Close Several Factories

BMW does not want to invest more in Northvolt

The German car manufacturer BMW does not want to invest more in the crisis-stricken Swedish battery manufacturer Northvolt AB, reports the news agency Bloomberg with reference to a source. Northvolt is in an acute liquidity crisis and has notified 1,600 employees of termination and has also paused major investments since the funds are not sufficient.

BMW does not want to invest more in Northvolt

The Car Crisis is "Challenging" for Swedish Companies

The crisis among car giants risks hitting Swedish subcontractors. The industry organization FKG warns of a bleak 2025.

The Car Crisis is "Challenging" for Swedish Companies

After the Giant's Profit Warning - More to Come

For the second time this year, car giant Volkswagen is forced to issue a profit warning. More similar announcements are to be expected for a crisis-stricken German car industry, according to an analyst.

After the Giant's Profit Warning - More to Come

The title in English is: Share price fall for Mercedes after profit warning

The German car manufacturer Mercedes' share falls hard – down by almost 8 percent on the Frankfurt Stock Exchange. The share price fall comes after the German car manufacturer on Thursday lowered its profit forecast for 2024.

The title in English is: Share price fall for Mercedes after profit warning

Analyst: Overcapacity in the battery market

An overcapacity in the battery market means that the competition has intensified. But the fact that Northvolt is scaling down right now does not mean that the company is out of the game, according to automotive analyst Hampus Engellau.

Analyst: Overcapacity in the battery market

BMW recalls 140,000 Mini Cooper – fire risk

The German automotive group BMW is recalling more than 140,000 electric Mini Cooper SE cars due to the risk of battery fires. According to BMW, there are no reports of accidents or injuries related to the fault that needs to be rectified, according to The Wall Street Journal.

BMW recalls 140,000 Mini Cooper – fire risk

Broad decline on the stock exchange – red among major companies

The stock market in Stockholm fell on Thursday, with the OMXS index at minus 2. 1 percent at closing.

Broad decline on the stock exchange – red among major companies

BMW withdraws 22 billion order from Northvolt

The German car manufacturer BMW is withdrawing a large order for battery cells from Northvolt worth approximately 22 billion kronor, reports [Dagens industri](https://www. di.

BMW withdraws 22 billion order from Northvolt