General Motors has dropped plans to take an equity stake in Nikola and build the Phoenix-based company’s electric pickup. The two automakers announced a new, significantly scaled back deal that involves fuel cell systems for semi-trucks. The original deal, announced in September, gave Nikola a strong foothold into the electric truck market. GM was going...
The post
GM and Nikola Strike New Deal, Badger Electric Truck Likely Dead appeared first on
Automobile Magazine.
More...