Northvolt gets another blow with VW and Goldman Sachs abandoning ship

Tony Verhelle

November 27, 2024

The Swedish battery manufacturer Northvolt, already struggling to survive, sees major shareholders abandoning ship /Northvolt

Northvolt's number one and two shareholders, the Volkswagen Group and Goldman Sachs bank will write down their stake in the battery maker. This is another blow for the cash-strapped company. Northvolt filed for Chapter 11 bankruptcy protection in the US last week. The Swedish factory has a new CE
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