Investment Management Corp. of Ontario has written down its US$400 million investment in Northvolt AB, the electric vehicle battery maker that filed for bankruptcy protection last year, according to ...

Northvolt, once considered Europe's best hope for a battery champion, filed for U.S. Chapter 11 bankruptcy protection in November last year. "The purchase consideration rounds to 0 m SEK.

Volvo Cars will not pay Northvolt any money for its 50% stake in their battery venture Novo Energy that it had agreed to acquire, according to the automaker's quarterly report on Thursday.

(Reuters) - (This Feb. 6 story has been corrected to say Volvo 'will pay Northvolt almost nothing,' not 'will not pay Northvolt,' in the headline and paragraph 1, and to say 'purchase price is ...

(Reuters) - Volvo (OTC:VLVLY) Cars will not pay Northvolt any money for its 50% stake in their battery venture Novo Energy that it had agreed to acquire, according to the automaker's quarterly ...

(Reuters) - Volvo Cars will not pay Northvolt any money for its 50% stake in their battery venture Novo Energy that it had agreed to acquire, according to the automaker's quarterly report on Thursday.

During Northvolt's mass lay-offs last autumn, some consultants were kept on because their specialised skills were considered essential for production. Their contracts were extended or even renewed.

(Reuters) - (This Feb. 6 story has been corrected to say Volvo 'will pay Northvolt almost nothing,' not 'will not pay Northvolt,' in the headline and paragraph 1, and to say 'purchase price is rounded ...

Cloudy with a high of 35 °F (1.7 °C). Winds from NNE to N. Night - Clear. Winds N at 4 to 6 mph (6.4 to 9.7 kph). The overnight low will be 22 °F (-5.6 °C). Sunny today with a high of 35 °F ...

Volvo Cars will not pay Northvolt any money for its 50% stake in their Novo Energy battery venture, which it had agreed to acquire, the automaker's quarterly report said on Thursday. The automaker ...

What’s going on here? Volvo gained full control of Novo Energy's battery project without any payment to Northvolt, following Northvolt's bankruptcy issues. Volvo strategically obtained a 50% stake in ...