One-time EV darling Nikola files for Chapter 11 bankruptcy
The filing comes several months after CFO Tom Okray warned Nikola only had enough cash to meet its obligations into, but not beyond, Q1 2025.
EV truck maker Nikola crashes into Chapter 11
Nikola Corp., the electric truck maker, filed for bankruptcy after a series of developments sent the company careening off a financial cliff. Why it matters: Nikola is among several electric vehicle makers that have gone from high flying to nearly worthless in a matter of years.
Nikola goes bankrupt, punctuating EV maker’s wild ride
Nikola's bankruptcy, culminates a long slide for the onetime darling of the electric-vehicle industry, which struggled with weak sales, multiple CEOs and a fraud scandal.
Tesla rival Nikola files for Chapter 11 bankruptcy citing dire electric vehicle market
Nikola, a Phoenix, Arizona-headquartered EV maker, filed for Chapter 11 bankruptcy due to monetary concerns and being a part of a struggling market.
EV Truck Maker Nikola Pulls the Plug
The company filed for bankruptcy after struggling to bring its once highly-touted, zero-emissions vehicles to market.
EV truck maker Nikola has finally called it quits
The embattled EV truck maker Nikola is going kaput. The company just announced a filing for Chapter 11 bankruptcy protection and a plan to sell off assets. These assets will be sold at an auction, pending court approval.
Nikola, Arizona maker of emissions-free heavy trucks, files for bankruptcy
Nikola Corp. will have $47 million in cash on hand to navigate Chapter 11 process. It hopes to wind down its Coolidge operations in March.
Arizona-based EV builder Nikola files for chapter 11 bankruptcy
The electric vehicle startup Nikola has filed for bankruptcy protections after it failed to secure new money or locate a buyer to keep operating.
Nikola EV maker, once valued at $30 billion, files for bankruptcy
Once a rising star on Wall Street, the formerly hot startup became enmeshed in scandal and its founder convicted in 2022.
RTE Online20h
Northvolt asks for extension of Chapter 11 process
Sweden's Northvolt said today it had asked for an extension in its bankruptcy protection process in the US, as the ...
The Local19h
Sweden's Northvolt asks for extension of bankruptcy protection process
Sweden's troubled battery maker Northvolt has asked for an extension in its Chapter 11 process in the United States.
Scania Agrees to Buy Northvolt’s Heavy Industry Battery Business
Scania agreed to buy Northvolt’s heavy industry business as the battery maker continues to work through a restructuring ...
Northvolt to sell industrial battery unit to Scania
Northvolt has agreed to sell its industrial battery unit to Swedish truckmaker Scania, as Europe’s troubled battery maker ...
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Northvolt to divest heavy industry battery business to Scania
Sweden's Northvolt has agreed to divest its Systems Industrial division, a key developer and manufacturer of battery systems ...
norran2d
Battery drain - Northvolt's billions vanish in write-downs
In just over a month, battery manufacturer Northvolt has made huge losses, according to Sveriges Radio Ekot. – Almost ...
Swedish AP Funds Write Off Entire $531 Million Northvolt Bet
Sweden’s state-owned pension fund AP2 has written down its entire stake in bankrupt battery maker Northvolt AB, according to ...
Volvo Cars says it will pay Northvolt almost nothing for battery joint venture stake
Volvo Cars will pay Northvolt almost nothing for its 50% stake in their battery venture Novo Energy that it had agreed to ...
norran12d
Millions in bonuses but zero for unpaid consultants at Northvolt
Northvolt intends to pay employee bonuses to prevent staff attrition, while simultaneously refusing to compensate contracted ...