GM Walks Away From Stake In Electric Vehicle Maker Nik Ola
General Motors will not be taking a stake in the electric vehicle company Nikola which announced that it would scuttle one of its marquee vehicles, an electric and hydrogen-powered pickup. Shares of Nikola plunged 26%. Nikola released updated terms between…
General Motors Takes $2 Billion Stake In Electric Truck Startup Nikola
Nikola and General Motors today announced a strategic partnership. Through the deal, GM gets 11% ownership in startup Nikola, and will, in turn, produce Nikola’s wild fuel cell pickup truck by the end of 2022. Both companies’ shares jumped on…
