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Sweden’s Northvolt Files For Bankruptcy After Canceled Battery Orders
It’s received $245 million in financing support for the bankruptcy, which includes a $100 million loan from Swedish truck manufacturer Scania, Northvolt’s largest single customer and a key ...
Courthouse News Service7y
EU Slaps Truck Maker Scania With $1 Billion Antitrust Fine
The European Commission on Wednesday slapped Swedish truck manufacturer Scania with a whopping $1.03 billion fine for its role in a price-fixing cartel that spanned 14 years. (CN) – The European ...
Waabi ties up with Volvo to roll out self-driving trucks
Fleets and truck manufacturers have been looking towards self-driving vehicle technologies to reduce costs amid a driver ...
GlobalCapital11d
Bondholders dump Volvo in kneejerk reaction to results but quickly buy back in
Swedish truck maker Volvo saw its curve widen at market open after the company’s latest results showed a 24% drop in ...
Northvolt Asks Shareholders for $1.3 Billion for Next Two Years, Sources Say
STOCKHOLM/BERLIN/FRANKFURT (Reuters) - Northvolt asked more than 100 shareholders at a meeting this month to provide $1.29 billion over the next two years to help restore the bankrupt Swedish battery ...
tunnellingjournal20d
Construction begins on Swedish Spent Fuel Repository
Ground has been broken, starting the construction of the Swedish Spent Fuel Repository in Forsmark, Östhammar Municipality. Minister for Climate and Environment Romina Pourmokhtari was present to ...
Reuters11d
Traton SE
Volvo CEO says plan for Mexico truck factory on track despite US tariff threat Swedish truckmaker Scania said on Thursday it will lend Northvolt $100 million as part of the struggling Swedish ...