Volkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, reported Reuters.

The recent bankruptcy of Northvolt, once hailed as Europe’s battery champion, further complicates the situation. The company, ...

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Gautam Adani indicted in U.S for alleged solar-related bribery scheme Gautam Adani faces an indictment in the United States ...

Northvolt files for bankruptcy in the US in major blow to European hopes to have a homegrown battery maker that can compete ...

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 ...

Funds managed by Goldman Sachs will write off nearly $900 million after Swedish lithium-ion battery producer Northvolt filed ...

Subdued car sales and intense competition have hit earnings at carmakers. Northvolt CEO Peter Carlsson Steps Down The Swedish battery maker said Carlsson will become a senior adviser as the company ...

Economists have sounded the alarm over a UK recession after data showed Britain’s economy was reeling from the effects of ...

The battery maker’s troubles continue to mount after expansion setbacks, as automakers scramble for supplies. Here’s how this ...

The chief executive of Northvolt stepped down on Friday, shortly after the Swedish battery maker filed for Chapter 11 ...