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)
Business
Scania says it will lend Northvolt $100 million under US Chapter 11 bankruptcy deal
Audio By Carbonatix
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)