Northvolt chief resigns a day after battery maker collapses into bankruptcy

$75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT… Continue reading Northvolt chief resigns a day after battery maker collapses into bankruptcy

Northvolt chief resigns a day after battery maker collapses into bankruptcy

$75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT… Continue reading Northvolt chief resigns a day after battery maker collapses into bankruptcy

Northvolt files for bankruptcy protection in blow to Europe’s EV ambitions

Workers at a Northvolt facility in Västerås, Sweden. Photograph: Helena Soderpalm/Reuters View image in fullscreen Workers at a Northvolt facility in Västerås, Sweden. Photograph: Helena Soderpalm/Reuters Northvolt files for bankruptcy protection in blow to Europe’s EV ambitions Swedish maker of battery cells for electric vehicles says it has enough cash to support operations for only… Continue reading Northvolt files for bankruptcy protection in blow to Europe’s EV ambitions

Tesla jumped the gun, Nissan drivers will have to wait a bit for Supercharger access

It sounds like Tesla jumped the gun when announcing that Nissan drivers now have access to the Supercharger network in North America. They will have to wait a bit. Yesterday, we reported that Tesla added Nissan to the list of automakers with EVs capable of using the Supercharger network in North America. However, Tesla has… Continue reading Tesla jumped the gun, Nissan drivers will have to wait a bit for Supercharger access

Bain Capital-backed Kioxia’s market value seen at $4.9b in Tokyo IPOBain and Toshiba will sell shares in the IPO.

Bain Capital-backed Kioxia’s market value is seen around 750 billion yen ($4.85 billion) in its initial public offering, a regulatory filing showed on Friday. The IPO will have a deal value of about 100 billion yen ($645.45 million) excluding overallotment. Bain and Toshiba will sell shares in the IPO. Separately, Kioxia will issue new shares,… Continue reading Bain Capital-backed Kioxia’s market value seen at $4.9b in Tokyo IPOBain and Toshiba will sell shares in the IPO.

German Manager Magazine: Car sales are becoming a risk worth billions: dreams of VW, Audi, BMW and Stellantis are wavering003758

Restore iTunes subscription manager+ is processed through your iTunes account and paid for upon confirmation of purchase. 24 hours before expiry, the subscription is automatically extended by one month at the current price of €24.99. You can cancel your subscription at any time in your iTunes account settings. To use manager+ outside of this app,… Continue reading German Manager Magazine: Car sales are becoming a risk worth billions: dreams of VW, Audi, BMW and Stellantis are wavering003758

German Manager Magazine: Northvolt files for bankruptcy protection in the USA – what’s next for Heide?003758

The Swedish battery cell manufacturer Northvolt, once set up to set up independent battery cell production for electric cars in Europe, is seeking protection under Chapter 11 of bankruptcy law in the USA. The financially troubled company announced this on Thursday. The restructuring process protects the company of co-founder and CEO Peter Carlsson (54) from… Continue reading German Manager Magazine: Northvolt files for bankruptcy protection in the USA – what’s next for Heide?003758

Mercedes-Benz CLE 300e Coupe

It will take upgrading C-Class owners only seconds to recognise the ‘squircle’-style air vents and rounded transmission tunnel console of their old saloon here. The CLE’s cabin layout, specification and finish are very much, and rather apparently, C-Class-derived. That’s perhaps marginally more likely to disappoint those giving up an old E-Class Coupe for it than… Continue reading Mercedes-Benz CLE 300e Coupe