MONTREAL — The Quebec government wants a judge to declare insolvent the North American branch of Swedish battery manufacturer Northvolt, as the province attempts to recoup some of its losses on a failed electric-vehicle battery project.
MONTREAL — The Quebec government wants a judge to declare insolvent the North American branch of Swedish battery manufacturer Northvolt, as the province attempts to recoup some of its losses on a failed electric-vehicle battery project.
Documents filed in Quebec Superior Court on Tuesday say that Northvolt Batteries North America owes more than $260 million on a government loan that allowed the company to buy land near Montreal to build a $7-billion battery plant.
The government wants the…
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Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent Delta Optimist
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Shayla Adams-Stafford used money from a sponsorship program offered to the councilmembers to fund the debt relief.
WASHINGTON — A $60,000 investment will go a long way for some Prince George’s County families faced with hundreds of dollars in school lunch debt.
That latest donation to the Prince George’s County Foundation came from Councilmember Shayla Adams-Stafford, a former educator who was sworn into office in July.
Adams-Stafford used money from a sponsorship program offered to the councilmembers to fund the debt relief. As a mom of three, the councilmember said the issue was personal.
…
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Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent Sudbury News
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Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent Sudbury News
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MONTREAL — The Quebec government wants a judge to declare insolvent the North American branch of Swedish battery manufacturer Northvolt, as the province attempts to recoup some of its losses on a failed electric-vehicle battery project.
MONTREAL — The Quebec government wants a judge to declare insolvent the North American branch of Swedish battery manufacturer Northvolt, as the province attempts to recoup some of its losses on a failed electric-vehicle battery project.
Documents filed in Quebec Superior Court on Tuesday say that Northvolt Batteries North America owes more than $260 million on a government loan that allowed the company to buy land near Montreal to build a $7-billion battery plant.
The government wants the…
Read the original article here
MONTREAL — The Quebec government wants a judge to declare insolvent the North American branch of Swedish battery manufacturer Northvolt, as the province attempts to recoup some of its losses on a failed electric-vehicle battery project.
Documents filed in Quebec Superior Court on Tuesday say that Northvolt Batteries North America owes more than $260 million on a government loan that allowed the company to buy land near Montreal to build a $7-billion battery plant.
The government wants the court to launch creditor protection proceedings so that it can recover nearly $200 million from frozen bank accounts belonging to Northvolt and repossess the property where the factory was supposed to be built.
“It is clear that (Northvolt…
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Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent The Spec
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Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent Toronto Star
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Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent Rocky Mountain Outlook
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Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent Airdrie City View