Scania has been confirmed as the purchaser Northvolt Systems Industrial, following news of an unnamed buyer in February ...

Credit: Northvolt Northvolt’s operations in Sweden are now up for sale. Volkswagen, Scania, and Volvo are all potential buyers, while some experts believe a Chinese company will acquire the ...

German carmaker Volkswagen saw a slight rise in vehicle deliveries during the first three months of the year, helped by ...

Northvolt, a major Swedish battery maker, filed for bankruptcy in the U.S., seeking to restructure the debt it had taken on to pay for its rapid expansion. Stockholm-based Northvolt said it had ...

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 ...

Swedish automotive company Volvo Cars Corp. notified Northvolt AB, a partner in the NOVO Energy joint venture, of its intention to use the pre-emptive share repurchase right to acquire full control ...

The automotive aftermarket sector has faced a flurry of bankruptcy filings despite some firms in the industry experiencing an ...

Scania is investing in the electrification of freight transport through the acquisition of the industrial division of ...

Credit: Scania. Scania, the truck manufacturing subsidiary of Volkswagen, has agreed to acquire Industrial Division of Northvolt Systems to strengthen its off-road electrification capabilities.

STOCKHOLM (Reuters) - Volkswagen's truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt's division that makes battery packs for heavy industry, reviving a transaction first ...