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Volkswagen wrote down majority of its stake in Northvolt
Volkswagen has taken major writedown on Northvolt stake, sources say
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 last week, two people familiar with the matter said.
Volkswagen records major writedown on its stake in battery maker Northvolt - Reuters
Volkswagen (OTCPK:VWAGY) has taken a major writedown of its 21% stake in the Swedish battery company, Northvolt, Reuters reported Monday, citing two sources. The writedowns at the German automobile giant were done throughout the current financial year,
Volkswagen wrote down majority of its stake in Northvolt over past year
Volkswagen has written down the majority of its 21 per cent stake in Northvolt over the past year ahead of the Swedish battery maker’s filing for Chapter 11 bankruptcy, according to people close to the German carmaker.
Volkswagen slashes the value of its stake in Northvolt, the beleaguered battery manufacturer
The write downs occurred throughout the current fiscal year as the situation at Northvolt deteriorated. © 2024 TechCrunch. All rights reserved. For personal use only.
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