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Stock impact report

Northvolt Told $1.5 Billion Loan Guarantee Is Out of Reach [Yahoo! Finance]

PJT Partners Inc. Class A (PJT) 
Last pjt partners inc. class a earnings: 4/28 06:50 am Check Earnings Report
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Northvolt suspended the build-out at its plant in northern Sweden last month as it sought to streamline operations and contend with a cash crunch. The troubled electric-vehicle supplier never drew the guaranteed funds, and this week put the unit managing the project at Skelleftea, near the Arctic Circle, into bankruptcy. “The loans that our guarantee would cover were intended to finance the Skelleftea expansion, which the company now has halted,” NDO Director General Karolina Ekholm said in emailed response to questions from Bloomberg. Northvolt has pared back its growth plans and said it will now focus on raising production at the main Northvolt Ett plant in Skelleftea. The facility's chief executive officer, Mark Duchesne, stepped down on Wednesday, dealing a setback to the ramp-up plans. The company is scrambling to line up financing that would shore up liquidity and allow it to continue in business. A $28 million tax bill due Oct. 14 could be th Show less Read more
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