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Goldman on hook for nearly $900M loss on Northvolt stake

Seeking Alpha on MSN · 2d

Goldman on the hook for nearly $900M loss on Northvolt stake: report

Goldman Sachs (NYSE:GS) will take a nearly $900M hit after Swedish EV battery maker Northvolt filed for chapter 11 bankruptcy protection in the US earlier this week, the Financial Times reported Saturday,

Goldman funds to take $900 million hit on Northvolt, FT reports

Funds managed by Goldman Sachs will write off nearly $900 million after Swedish lithium-ion battery producer Northvolt filed for Chapter 11 bankruptcy earlier this week, Britain's Financial Times reported on Saturday.

bnnbloomberg · 1d

Goldman Funds Take $900 Million Hit on Northvolt, FT Says

Funds managed by Goldman Sachs Asset Management are set to write off almost $900 million on investments in Swedish battery maker Northvolt AB, which filed for bankruptcy protection this week, the Financial Times reported,

Bloomberg L.P. · 2d

Goldman Funds Take $900 Million Hit on Northvolt Stake, FT Says

Funds managed by Goldman Sachs Asset Management are set to write off almost $900 million on investments in Swedish battery maker Northvolt AB, which filed for bankruptcy protection this week, the Financial Times reported,

Northvolt, Volkswagen

Channel NewsAsia Singapore · 1h

Volkswagen has taken major writedown on Northvolt stake, sources say

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.

Seeking Alpha on MSN · 12h

Volkswagen records major writedown on its stake in battery maker Northvolt - Reuters

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

Business Insider · 2h

Europe EV battery maker Northvolt files for bankruptcy protection, Reuters says

Struggling Swedish EV battery maker Northvolt filed for U.S. Chapter 11 bankruptcy protection on Thursday after failing to establish a funding

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Not A Bright Spark? Goldman Sachs Loses Almost $1 Billion On EV Battery Company

Goldman Sachs has a smudge on its face when it comes to electric vehicle batteries. The storied Wall Street giant was a major ...

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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 ...

20h

Goldman’s $900mn hit

Plus, Trump’s stock market honeymoon, Germany’s ‘debt brake’, and Francis Bacon at the National Portrait Gallery ...

10h

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, ...

9h

Northvolt crisis marks major blow for Europe's EV battery hopes

STORY: Northvolt’s financial collapse could spell the end of Europe’s ambitions to set up its own battery industry to power ...

1d

Goldman Sachs takes $1.4b hit on green battery investment

The US bank is the second-largest shareholder in Swedish battery maker Northvolt which has filed for Chapter 11 bankruptcy.

19hon MSN

Goldman Sachs Shares Continue To Zoom Despite Taking A ₹7,500 Crore Hit After Northvolt Files For Bankruptcy

In this major development, Goldman Sachs will be writing off a monumental amount of nearly USD 900 million. This amount to Rs ...

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Northvolt's bankruptcy: The end of Europe's electric dream?

It was Europe's flagship battery production. At least, it wanted to be. The Swedish company Northvolt was placed under ...

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