Category: German Press

German FAZ: What the Northvolt debacle means for Europe008213

Peter Carlsson is used to grim times. His company, the Swedish battery cell manufacturer Northvolt, has experienced “a series of near-death experiences” since it was founded in 2016, he told the F.A.S in March. But this week things got really tight: On Thursday, Northvolt applied for protection from creditors under US law because Carlsson and… Continue reading German FAZ: What the Northvolt debacle means for Europe008213

German FAZ: What the Northvolt debacle means for Europe008215

Peter Carlsson is used to grim times. His company, the Swedish battery cell manufacturer Northvolt, has experienced “a series of near-death experiences” since it was founded in 2016, he told the F.A.S in March. But this week things got really tight: On Thursday, Northvolt applied for protection from creditors under US law because Carlsson and… Continue reading German FAZ: What the Northvolt debacle means for Europe008215

German FAZ: Northvolt boss Carlsson resigns008214

The day after the battery manufacturer Northvolt filed for bankruptcy protection under American law, everything suddenly happened very quickly. On Friday morning, the Swedish start-up, which had previously raised around ten billion dollars from investors, announced that Peter Carlsson was stepping down as CEO. This marks the end of the rise of a beacon of… Continue reading German FAZ: Northvolt boss Carlsson resigns008214

German FAZ: Swedish battery manufacturer Northvolt applies for bankruptcy protection008213

After a long struggle to find new financing, the Swedish battery manufacturer Northvolt has filed for bankruptcy protection under Chapter 11 of the American bankruptcy code. As the company announced on Thursday evening, this should enable it to “restructure its debt, adapt the business based on current customer needs and create a growth perspective”. Go… Continue reading German FAZ: Swedish battery manufacturer Northvolt applies for bankruptcy protection008213

German Manager Magazine: Knaus Tabbert: Major shareholder becomes boss at mobile home manufacturer 003760

Major shareholder Wim de Pundert is taking over the helm at motorhome manufacturer Knaus Tabbert, which is suffering from a lack of orders. The Dutchman is to take on a dual role as CEO and CFO with immediate effect. as the company announced on Friday  . De Pundert was previously a member of the supervisory… Continue reading German Manager Magazine: Knaus Tabbert: Major shareholder becomes boss at mobile home manufacturer 003760

German Manager Magazine: Bosch plans to cut over 5,500 jobs, works council announces resistance003760

In view of the crisis in the auto industry, the supplier wants to Bosch More jobs are being cut than previously known. In the coming years there will be a further “need for adjustment” of up to 5,550 positions, as a company spokeswoman announced. More than two thirds of these – a total of 3,800… Continue reading German Manager Magazine: Bosch plans to cut over 5,500 jobs, works council announces resistance003760