Trump’s tariff pledges rattle US, European auto shares
European automakers' shares fell as Trump pledged tariffs on Canada, Mexico, and China.
Volkswagen has taken major writedown on Northvolt stake, sources say
Volkswagen has written down its 21 per cent Northvolt stake amid the Swedish battery maker's bankruptcy filing, reflecting EV market struggles.
Goldman funds to take $900 million hit on Northvolt: Financial Times report
Funds managed by Goldman Sachs, which together ranked as the second-largest shareholders in Northvolt, will write off nearly $900M by year's end.
Northvolt crisis may be make or break for Europe’s EV battery ambitions
Northvolt’s bankruptcy highlights Europe’s struggle to build a battery industry amid Chinese dominance and slowing EV demand.
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.
Automakers urge Trump to preserve EV tax credits, boost self-driving cars
Automakers urge Trump to retain EV tax credits, ease emissions rules, and support self-driving tech amid rising competition from China.
Scania says it will lend Northvolt $100 million under US Chapter 11 bankruptcy deal
Swedish truckmaker Scania will lend Northvolt $100 million as part of the struggling battery maker's U.S. Chapter 11 bankruptcy protection deal.
Volkswagen workers head towards strikes from December
Volkswagen unions plan warning strikes from Dec. 1 as talks stall over factory closures and cost-cutting amid electric transition woes.
Ford to cut European jobs as EV shift, Chinese rivals take toll
Ford to cut 14% of European workforce, citing EV losses, weak demand and rising competition.
US senators push auto safety agency to finalize vehicle rules
Democratic senators press NHTSA to act swiftly on overdue safety rules as U.S. traffic deaths remain above pre-pandemic levels.
