How to Analyze the Northvolt Bankruptcy Using Toyota’s ‘Five Whys’ Technique
Here is a preliminary five whys analysis of Northvolt’s bankruptcy based on recent research: After reporting a $1.2 billion loss in 2023 and $128 million in revenue, per the Journal, and holding a mere $30 million in cash this month, the company could not service its $5.8 billion in debt, according to the Financial Times.
Volkswagen writes down Northvolt stake following bankruptcy filing
Volkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, following the company's recent filing for bankruptcy protection in the US, reported Reuters.
Northvolt CEO Peter Carlsson Quits After Bankruptcy Filing
Northvolt AB said its chief executive officer, Peter Carlsson, is stepping down as the Swedish battery maker embarks on a restructuring under bankruptcy court protection.
Northvolt CEO steps down after bankruptcy filing
Peter Carlsson, co-founder and leader of Northvolt since 2016, will remain as advisor as he quit a day after the firm filed for bankruptcy.
Northvolt CEO Peter Carlsson Steps Down
The Swedish battery maker said Carlsson will become a senior adviser as the company enters U.S. bankruptcy and initiates a debt restructuring. The search for a new chief executive is underway.
Northvolt CEO steps down, saying group needs up to $1.2 billion
Northvolt's CEO and co-founder Peter Carlsson is stepping down, the Swedish maker of battery cells for electric vehicles said on Friday, one day after the group filed for U.S. Chapter 11 bankruptcy protection.
Northvolt files for bankruptcy, CEO quits
Europe’s “green dream” Northvolt has filed for bankruptcy protection in the US after a rescue package failed to go through, leaving the battery maker with just one week’s worth of cash in the account.
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VW and Goldman Sachs write off Northvolt shares
Northvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the ...
Northvolt CEO And Co-Founder Peter Carlsson Resigns
STOCKHOLM - Sweden's financially-strained electric car battery maker Northvolt announced recently the resignation of its CEO Peter Carlsson, hours ...
Northvolt’s Ex-Tesla CEO Quits In EV Battery Bankruptcy Fallout
The CEO of Northvolt, Peter Carlsson, today resigned amongst ongoing fallout from the Swedish EV battery maker’s U.S. Chapter ...
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EU battery hopes in tatters as Northvolt CEO resigns, company files for bankruptcy
In a huge blow to Europe’s plan to set up its own battery industry to power electric cars, Peter Carlsson resigned as CEO of ...
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Northvolt Files for Bankruptcy, CEO Departs
Northvolt's US unit files for Chapter 11 bankruptcy protection as CEO Peter Carlsson, who has led the startup since ...
Northvolt crisis may be make or break for Europe's EV battery ambitions
Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...
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Swedish Battery Company Northvolt Files for Bankruptcy in a Blow to European Carmakers
Swedish battery manufacturer Northvolt has filed for bankruptcy, dashing Europeans' hopes for local battery production and ...
An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash
Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak ...