Germany takes over a large loan obligation to Northvolt, which risks becoming a multi-billion kronor loss according to Bloomberg. The news comes after the crisis-stricken battery manufacturer recruited Markus Dangelmaier as the new CEO for the subsidiary Northvolt Ett, which owns the company's large battery factory in Skellefteå.
BusinessThe 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 Carlsson has been replaced by crisis expert Paul O'Donnell, reports the newspaper Di.se with reference to a notification to the Companies Registration Office.
BusinessIt is now clear that 338 officials and engineers will be leaving Northvolt in Skellefteå, according to union agreements with the crisis-stricken battery manufacturer. This comes on top of those who were previously forced to leave the company in Västerås and Stockholm.
BusinessOn Monday, Northvolt must pay a tax debt of 287 million kronor. The alternatives are bankruptcy, reconstruction – or personal payment liability for the board. A solution is now said to be on the table – and according to the CEO, they will pay on time.
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