Scania says it will lend Northvolt $100 million under US Chapter 11 bankruptcy deal
3:25 pm Thursday, November 21st, 2024
STOCKHOLM (Reuters) – Swedish truckmaker Scania said on Thursday it will lend Northvolt $100 million as part of the struggling Swedish battery maker’s U.S. Chapter 11 bankruptcy protection deal.
Scania is part of the Volkswagen-owned Traton Group.
(Reporting by Marie Mannes,; Writing by Josephine Mason; Editing by Alexandra Hudson)
