Volkswagen, Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States last week, two people familiar with the matter said.

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Reuters

United Kingdom

Volkswagen has taken major writedown on Northvolt stake, sources say

Volkswagen , Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States last week, two people familiar with the matter said.

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BERLIN :Volkswagen, Northvolt's top shareholder, has significantly written down its 21 per cent stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States last week, two people familiar with the matter said.Several of Northvolt's top shareholders have been cutting or re

Channel News Asia

Government of Singapore

Singapore

Several of Northvolt’s top shareholders have been cutting or reviewing the value of their holdings in the EV battery maker

The Globe & Mail

Canada

After the Swedish company Northvolt expressed its unwillingness to invest more funds in the lithium project in Portugal, Galp also decided to abandon this bet, which provided for a total investment of more than 1.1 billion euros, and which had already consumed tens of millions of euros

Depois de a sueca Northvolt manifestar a indisponibilidade para aplicar mais verbas no projeto de lítio em Portugal, a Galp também decidiu abandonar esta aposta, que previa um investimento total superior a 1,1 mil milhões de euros, e que já havia consumido dezenas de milhões de euros

Galp desiste do projeto de lítio com a Northvolt onde já gastou 40 milhões de euros

Jornal Expresso

Impresa

Portugal

Galp gives up the lithium project with Northvolt where it has already spent 40 million euros

“Galp decided not to proceed with the construction of the Aurora project”, announced the Portuguese energy group to the market this Tuesday.

“A Galp decidiu não avançar com a construção do projecto Aurora”, anunciou esta terça-feira o grupo energético português ao mercado.

Galp desiste de refinaria de lítio em Setúbal após abandono da Northvolt

Publico

Sonae

Galp gives up lithium refinery in Setúbal after the abandonment of Northvolt

Northvolt's major shareholders expect a real blow in the reconstruction that the crisis-hit battery manufacturer wants to carry out. The largest owner, Germany's Volkswagen (VW), has written down most of the value of its holdings, Reuters reports citing sources.

Northvolts stora aktieägare räknar med en rejäl smäll i den rekonstruktion som den krisdrabbade batteritillverkaren vill genomföra. Den största ägaren, tyska Volkswagen (VW), har skrivit ned merparten av värdet på sitt innehav, rapporterar Reuters med hänvisning till källor.

Storägare räknar med Northvolt-smäll

Svenska Dagbladet

Schibsted

Stockholm

Stockholm County

Sweden

Major owners expect Northvolt blow

Northvolt's largest owner, Germany's Volkswagen, has written off most of the value of its stake in the battery maker, Reuters reports, citing sources.

Northvolts största ägare, tyska Volkswagen, har skrivit av merparten av värdet på aktieinnehavet i batteritillverkaren, rapporterar Reuters med hänvisning till källor.

Volkswagen skriver ner värdet på Northvolt

svt Nyheter

Volkswagen writes down the value of Northvolt

The write downs occurred throughout the current fiscal year as the situation at Northvolt deteriorated.

TechCrunch

Verizon Communications

United States

Volkswagen slashes the value of its stake in Northvolt, the beleaguered battery manufacturer

Volkswagen hopes to reach an agreement with the IG Metall trade union before Christmas in the conflict over drastic cuts at the German car manufacturer. “I think both sides are very eager not to include these discussions under the Christmas tree for all employees,” Volkswagen driver Dirk Große-Loheide said at a car summit in Salzgitter, Germany. He hopes this will succeed, but stressed that no one can guarantee it.

Volkswagen hoopt voor de kerst een akkoord te bereiken met vakbond IG Metall in het conflict over ingrijpende bezuinigingen bij de Duitse autofabrikant. „Ik denk dat beide partijen er sterk naar verlangen deze discussies niet mee te nemen onder de kerstboom voor alle medewerkers”, zei Volkswagen-bestuurder Dirk Große-Loheide tijdens een autotop in het Duitse Salzgitter. Hij hoopt dat dit zal lukken, maar benadrukte dat niemand het kan garanderen.

Volkswagen hoopt voor kerst op akkoord met vakbond

rd.nl

Apeldoorn

Gelderland

Netherlands

Volkswagen hopes to reach agreement with union before Christmas

Volkswagen and Goldman Sachs write off stakes in Northvolt due to missed production targets, resulting in significant financial losses.

Volkswagen has taken major writedown on Northvolt stake, sources say

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