Swedish gigafactory maker Northvolt filed for Chapter 11 bankruptcy in the US on Thursday after months of urgently hunting for a cash lifeline. As it looks to restructure, there’s a lot of money on the line: Northvolt has raised $13bn in debt and equity and owes creditors $5.8bn.
Analysis
November 22, 2024
VW, Goldman and pension funds: Who has most on the line in Northvolt bankruptcy?
Aside from our warming planet and hopes of European resilience, the biggest losers include Volkswagen and pension funds
5 min read
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