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Scania says it will lend Northvolt $100 million under US Chapter 11 bankruptcy deal

By Reuters21 Nov 2024Reuters1 Mins read68
FILE PHOTO: Logo of Swedish carmaker Scania is displayed on a truck at the IAA truck show in Hanover, Germany, September 17, 2024. REUTERS/Fabian Bimmer/File Photo
Logo of Swedish carmaker Scania is displayed on a truck at the IAA truck show in Hanover, Germany, September 17, 2024. —REUTERS/Fabian Bimmer/File Photo

STOCKHOLM — Swedish truckmaker Scania said on Thursday it will lend Northvolt $100 million as part of the struggling Swedish battery maker’s U.S. Chapter 11 bankruptcy protection deal.

Scania is part of the Volkswagen-owned Traton Group.

(Reporting by Marie Mannes,; Writing by Josephine Mason; Editing by Alexandra Hudson)

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