The dominoes started to topple when automaker Ford decided in January to end its relationship with Jack Cooper, bringing the curtain down on an approximately 40-year relationship.
February 14, 2025Bankruptcy News Updates
Auto Hauler Jack Cooper Shuts Down After Losing Ford, GM
Wheel OEM Accuride鈥檚 US Operations Emerging From Bankruptcy
Accuride鈥檚 U.S. and Canadian businesses filed for Chapter 11 bankruptcy protection in October with liabilities of between $500 million and $1 billion.
February 10, 2025Northvolt鈥檚 Bankruptcy Deals $531M Blow to Swedish Investors
Sweden鈥檚 state-owned pension investors, collectively known as the AP Funds, have fully written down their entire investment in bankrupt battery maker Northvolt AB.
February 10, 2025Nikola Considers Bankruptcy, Capping EV Maker鈥檚 Wild Ride
Nikola Corp. is working with a law firm and financial advisers to prepare a potential Chapter 11 filing, which would protect it from creditors amid a cash crunch.
February 7, 2025Northvolt Gets New Extension to Submit Documents to US Court
Swedish battery maker Northvolt AB has been granted a second deadline extension to file schedules and statements with a bankruptcy court in the U.S., according to a ruling on Jan. 15.
January 16, 2025Northvolt Sells Its Stake in Recycling JV to Norsk Hydro
Bankrupt battery maker Northvolt AB agreed to sell its remaining shares in a recycling venture to Norsk Hydro ASA as it continues to slim down operations amid a Chapter 11 process in the U.S.
January 13, 2025Northvolt Owners Back Plan to Keep Making Batteries
Northvolt AB shareholders approved the bankrupt electric vehicle supplier鈥檚 plan to keep building battery cells while it seeks new funding to restructure under Chapter 11 protection.
January 8, 2025Yellow, Pension Funds' Claims Battle to Extend Through Q1
Oral arguments on dispositive motions related to the claims by 11 pension funds are now set to take place at a Jan. 28 hearing at the Delaware Bankruptcy Court.
December 17, 2024Lion Electric Wins Court Protection From Creditors
After winning breathing room with its bankers to look for additional funding earlier in December, Lion said it failed to raise any cash and was now in default on debt repayments.
December 17, 2024Northvolt Bankruptcy Hits Danish Pension Fund Hard
ATP is one of the largest owners in Northvolt with a stake of about 5%. The value of that holding 鈥減robably won鈥檛 be very far from zero.鈥
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