RSS Reader
11-30-2020, 04:04 PM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Green (https://www.autoblog.com/category/green-auto-news/),Plants/Manufacturing (https://www.autoblog.com/category/plants-manufacturing/),GM (https://www.autoblog.com/category/gm/)
https://o.aolcdn.com/images/dims3/GLOB/crop/4928x2772+0+203/resize/800x450!/format/jpg/quality/85/https://s.aolcdn.com/os/ab/_cms/2020/11/30091801/2020-11-30T140857Z_997168899_RC2QDK9ZAOWV_RTRMADP_3_GM-NIKOLA.jpg.jpg General Motors Co and Nikola Corp on Monday announced a reworked, smaller agreement that keeps a fuel-cell partnership intact but eliminates an equity stake in the startup for the Detroit automaker as well as plans for building Nikola's electric pickup truck. In September, the companies announced a deal under which GM would supply batteries, a chassis architecture, fuel cell systems and a factory to build the startup's proposed Badger electric pickup in return for an 11% stake and $700 million.Continue reading GM scraps plan to buy stake in Nikola and build its electric pickup (https://www.autoblog.com/2020/11/30/gm-nikola-deal/)
GM scraps plan to buy stake in Nikola and build its electric pickup (https://www.autoblog.com/2020/11/30/gm-nikola-deal/) originally appeared on Autoblog (https://www.autoblog.com) on Mon, 30 Nov 2020 09:19:00 EST. Please see our terms for use of feeds (http://motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/11/30/gm-nikola-deal/) | Email this (https://www.autoblog.com/forward/2281199/) | Comments (https://www.autoblog.com/2020/11/30/gm-nikola-deal/#comments)
More... (https://www.autoblog.com/2020/11/30/gm-nikola-deal/)
https://o.aolcdn.com/images/dims3/GLOB/crop/4928x2772+0+203/resize/800x450!/format/jpg/quality/85/https://s.aolcdn.com/os/ab/_cms/2020/11/30091801/2020-11-30T140857Z_997168899_RC2QDK9ZAOWV_RTRMADP_3_GM-NIKOLA.jpg.jpg General Motors Co and Nikola Corp on Monday announced a reworked, smaller agreement that keeps a fuel-cell partnership intact but eliminates an equity stake in the startup for the Detroit automaker as well as plans for building Nikola's electric pickup truck. In September, the companies announced a deal under which GM would supply batteries, a chassis architecture, fuel cell systems and a factory to build the startup's proposed Badger electric pickup in return for an 11% stake and $700 million.Continue reading GM scraps plan to buy stake in Nikola and build its electric pickup (https://www.autoblog.com/2020/11/30/gm-nikola-deal/)
GM scraps plan to buy stake in Nikola and build its electric pickup (https://www.autoblog.com/2020/11/30/gm-nikola-deal/) originally appeared on Autoblog (https://www.autoblog.com) on Mon, 30 Nov 2020 09:19:00 EST. Please see our terms for use of feeds (http://motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/11/30/gm-nikola-deal/) | Email this (https://www.autoblog.com/forward/2281199/) | Comments (https://www.autoblog.com/2020/11/30/gm-nikola-deal/#comments)
More... (https://www.autoblog.com/2020/11/30/gm-nikola-deal/)