One of the people said the writedowns would have no impact on Volkswagen's annual results, pointing to the fact that writedowns on the carmaker's Northvolt stake had already been made prior to the ...

Volkswagen has substantially written down its 21% stake in Northvolt, a Swedish battery cell manufacturer, following the company's recent filing for bankruptcy protection in the US, reported Reuters.

BERLIN (Reuters) -Volkswagen, Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States ...

Swedish battery maker Northvolt seeks Chapter 11 protection in the U.S. due to $5.8 billion debt against a meager $30 million ...

At the end of 2023, Volkswagen reported the book value of its shareholding in Northvolt at €693m. Credit: THINK A/Shutterstock. The writedown reflects the challenges faced by Northvolt ...

BERLIN (Reuters) -Volkswagen, Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States ...