The Financial Post reports in its Saturday, Oct. 19, edition that Goldman Sachs-backed Northvolt is poised for a $300-million bailout, alleviating an immediate threat to its existence, but its long-term prospects remain uncertain due to debt (all figures U.S.). A Bloomberg dispatch to the Post reports that unnamed sources indicate that talks for an emergency financing package involving shareholders, lenders and customers are nearing completion, though it could still fail. This financing would provide temporary relief for Northvolt, which has faced significant challenges, including securing a larger financing package and addressing operations that consumed about $1.67-billion in cash over the last two years, per the 2023 annual report. Bloomberg analyst Andy Leach says, "While this is a significant amount of funding, Northvolt will need to spend it wisely and rebuild the confidence of customers such as BMW who cancelled a $2-billion deal in June." Northvolt has had trouble producing enough battery cells that meet acceptable standards, an issue BMW cited when it pulled its contract earlier this year. Northvolt has received about $10-billion in debt and equity financing since its founding in 2017.