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STEPHEN GIRSKY
Electric truck company Nikola files for Chapter 11 bankruptcy protection — Calls it ‘best possible path forward’In a press release, Nikola stated that it intends to continue providing limited (non-dealer) service and support operations for its trucks ...- Nikola shares plummet 26% as electric truck maker names 4th CEO in 4 yearsNikola forecast third-quarter revenue of USD 18 million to USD 28 million, compared with estimates of USD 34.5 million, according to Visibl...
- Nikola confronts future of doubts on chair exit, stock dropThe worsening stock rout also is a blow to GM, which agreed to take an 11% equity stake in Nikola earlier this month
- Nikola founder Trevor Milton resigns as chairman amid allegations, SEC probeFounded by Milton in 2015 to develop trucks and pick-ups powered by electric batteries or hydrogen fuel cells, Nikola has not yet built any...
- GM sells steering unit to Chinese investment groupUS auto giant General Motors has sold its Michigan-based steering gear manufacturer Nexteer to a Chinese investment group.
- GM board looks outside for replacement CEOIn the search for a new executive to run General Motors, outsiders are in.
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