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Major Shareholders Expect a Northvolt Shock
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Major Shareholders Expect a Northvolt Shock

Northvolt's major shareholders are expecting a significant blow in the reconstruction that the crisis-stricken battery manufacturer wants to implement. The largest owner, German Volkswagen (VW), has written down most of the value of its holding, reports Reuters citing sources
He still believes in the German Northvolt factory
Business News

He still believes in the German Northvolt factory

Germany's Minister of Economy and Vice Chancellor Robert Habeck is "cautiously optimistic" about crisis-stricken Northvolt's plans for a factory in Germany. Northvolt's problems must be taken seriously, but they are technically possible to solve, according to Habeck
The VW Union Takes a Stand Against Factory Closures
Business News

The VW Union Takes a Stand Against Factory Closures

Trade union leaders at German Volkswagen (VW) are proposing new cost-cutting measures of 1. 5 billion euros (equivalent to 17
VW: In close contact with Northvolt
Business News

VW: In close contact with Northvolt

Northvolt in crisis - "Dialogue is ongoing"
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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 sells factory in California
Business News

Northvolt sells factory in California

The battery manufacturer Northvolt is selling a factory facility in San Leandro, California, to the American battery company Lyten. No price tag has been disclosed by Northvolt, whose hunt for new billions to address short- and long-term challenges continues
Largest Owner Leaves Northvolt's Board
Business News

Largest Owner Leaves Northvolt's Board

Volkswagen wants to cut wages by ten percent
Business News

Volkswagen wants to cut wages by ten percent

Significantly reduced profit for Volkswagen
Business News

Significantly reduced profit for Volkswagen

The Trade Union: Volkswagen Wants to Close Several Factories
Business News

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.
Full speed in the factory – but order intake is plummeting
Business News

Full speed in the factory – but order intake is plummeting

Record production and deliveries and a significant profit increase characterize the third quarter for truck manufacturer Scania. However, order intake points sharply downward
Europe's Engine Stutters – This Is How It Affects Sweden
Business News

Europe's Engine Stutters – This Is How It Affects Sweden

It is Sweden's most important trading partner and an economic engine for Europe. But Germany's economy is stagnant – which increases the risks for Swedish industry
Northvolt source: 150 million euros secured
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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
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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
EU Says Yes to Car Tariffs - Sweden Wants Exemption
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EU Says Yes to Car Tariffs - Sweden Wants Exemption

EU countries say yes to permanent tariffs on electric cars from China. Sweden abstained and hopes for a special solution for Volvo
BMW does not want to invest more in Northvolt
Business News

BMW does not want to invest more in Northvolt

The Car Crisis is "Challenging" for Swedish Companies
Business News

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
Down on the stock exchange – tough for Volvo Cars
Business News

Down on the stock exchange – tough for Volvo Cars

The Stockholm Stock Exchange started the week with falling prices. Among the losers, Volvo Cars stood out, which retreated after new profit warnings from the industry
After the Giant's Profit Warning - More to Come
Business News

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
Volkswagen issues profit warning
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Volkswagen issues profit warning

Northvolt owner: The situation is serious
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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
Northvolt: "Tried to do too much at the same time"
Business News

Northvolt: "Tried to do too much at the same time"

Northvolt has invested in several new factories at the same time. It may have become too much to handle, according to Hampus Engellau, automotive analyst at Handelsbanken
Northvolt lays off – 1,600 forced to leave
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Northvolt lays off – 1,600 forced to leave

1,600 people will be leaving the crisis-stricken battery manufacturer Northvolt. This concerns 1,000 employees in Skellefteå, 400 in Västerås, and 200 in Stockholm
Volvo's CEO Martin Lundstedt: "Europe must take action"
Business News

Volvo's CEO Martin Lundstedt: "Europe must take action"

Europe has fallen behind the USA and Asia. This is one of the reasons why the sales of both electric cars and electric trucks have stalled, believes AB Volvo's CEO Martin Lundstedt
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