Reported 13 days ago
Volkswagen's investment chief, Sven Fuhrmann, is stepping down from the board of Swedish battery maker Northvolt, which confirmed the news on Monday. Northvolt, the largest shareholder of which is Volkswagen with a 21% stake, is facing challenges including job cuts and financial difficulties. The company is currently in discussions to raise funds amid production issues and the loss of a significant customer contract.
Source: YAHOO