GM, Nikola Agree to Scaled-Down Supply Agreement

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General Motors will no longer take a stake in Nikola but still plans to continue supplying fuel cells for the startup's commercial trucks

General Motors Co. will supply fuel cells to Nikola Corp. for commercial trucks but will no longer take an equity stake in the startup under a stripped-down agreement, Nikola said Monday.

The electric-truck company also said it has scrapped plans to build a pickup truck named the Badger, which had been part of an earlier deal with GM outlined in September. That deal got delayed after a negative short seller’s report raised questions about the readiness of some aspects of Nikola’s business, allegations the company claimed were...

 

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Yet Nikola's truck history seems to be riddled with fraud. Most of GM's real problems are shrinking market share created by making products no one wants to buy due to quality control issues. Improve quality and sales will increase.

I tried to read the story but I all I get is a zenith watch ad and I can’t get out of that. In fact no matter what story I try to read in the online journal all I get are zenith watch ads.

SPACtrack those 'mainstream' media, speechless.

this headline is deceiving... $GM never supplied a FC to $NKLA.. there is only ONE allegedly working FC truck at Nikola.. and it's debatable that it actually works. CNBC

horrible

Hi there , i am from brazil , I have no job because coronavirus crisis, I need somebody help me 😢😢😢 god bless you and your family .😢😢😢

Looking at Kat; Amy Hyeyyyyy; Kat Certainy not Scootttt....; me At least not now; Shannon

Trevor Milton really messed up Nikola

anti-Marxismlist! On my opinion, the human society is running on these: 1 technology define theoretical economic aggregate 2 labour define gross economy 3 finance system define distribution of wealth from gross economy

GM Mike; Shannon No trades....Uurururummmm; Shannon, Amy

That company is vapor ware. The CEO stepped down after it came out they faked a promotional shoot of their semi.

The media in America is mostly dead. Today they resemble Russian Pravda. When I turn on the media (NBC, ABC, CBS, PBS, and the like) I can only spend a few minutes watching before I have to change the channel before becoming nauseous.

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