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Dietrich Knauth

FILE PHOTO: A general view of Northvolt facility in Skelleftea, Sweden is seen in this undated handout photo. Northvolt/Handout via REUTERS/File Photo
BusinessElectric Vehicles (EVs)NewsSemiconductor

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

Northvolt files for U.S. Chapter 11 bankruptcy, seeking to restructure $5.8B debt while securing $245M to sustain European battery hopes.

FILE PHOTO: Fisker Ocean electric SUV vehicles are shown at one of the company’s sales, service and delivery centers in Vista, California, U.S., May 22, 2024.   REUTERS/Mike Blake/File Photo
BusinessCourtsElectric Vehicles (EVs)FinanceNews

Fisker heads toward liquidation as creditors fight over assets

Electric vehicle startup Fisker is headed towards a liquidation, attorneys said in U.S. bankruptcy court on Friday, as two creditor factions previewed a...