Barra also said the tie-up will provide additional scale for its upcoming technologies, assisting in driving down costs.
"We will still compete fiercely as it relates to go-to-market with our strong brands like we do today," Barra said. "This is just a more efficient way to do it. It gets us scale faster, so it's good for the customer but also is good for the General Motors shareholder cause our technology is being used more broadly."
Nikola CFO Kim Brady separately during the conference Monday said investors should consider the deal more than a manufacturing contract, citing it's about long-term savings and quickness to market. "We have to look at GM-Nikola partnership really in totality in terms of overall opportunity that we have by entering into that relationship," he said. "We know it's a win-win because GM is able to identify potential savings on their end and we are also able to identify potential savings on our end.
NIkola is basically just a customer of GM. It pays GM 2.75b (750m cash and 2b in equity)to make customerized trucks. So, the only due diligence GM needs to do is to Ensure that money Nikola paid is not laundrried and clean.
She’s trashy
She's just kidding to entertain her GM workers.
We have another Theranos fraud in the making..
GM has no financial obligation to Nikola, owns 11% of Nikola from paying nothing It just cooperation to build each other's EV and fuel cell vehicles If there is nothing from Nikola there will be nothing coming out No big
She def watched this and was sold
Smells like desperation from GM to me.
Atlantic Op-ed: Democrats Will Riot If They Lose, Therefore Republicans Should Let Joe Biden Win. Fake news Obama*shit Obiden*shit = antifa b's blm b's
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