Scandal-scarred electric semi-truck maker Nikola — a pandemic darling once valued at $30 billion — filed for bankruptcy on Wednesday. The company said it is seeking an auction and sale process ...
Nikola said on Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of its assets, the latest electric-vehicle maker to stumble after grappling with tepid demand, rapid ...
Remaining Nikola staff is having a worse week than you – the company issued a recall for 95 of its hydrogen fuel cell-powered semi trucks.
After falling out with Milton, Nikola changed course, canceling the Badger and refocusing its efforts on commercial trucks.
That said, it's unclear how the bankruptcy proceedings will impact companies using Nikola semi-trucks longer term. "In recent months, we have taken numerous actions to raise capital, reduce our ...
Nikola manufactured both hydrogen-electric and battery-electric semi trucks, and its fueling network has dispensed more than 330 metric tons of hydrogen, said Chief Executive Steve Girsky.
Bankrupt truck maker Nikola Corporation is recalling 95 hydrogen fuel-cell semi trucks because the wrong bolts may have been used to secure their hydrogen tanks.
The case revolved, in part, around the Nikola One, a prototype of a hydrogen-powered semi-truck. According to prosecutors, Milton claimed the vehicle “fully functions and works, which is really ...