Nikola is offering 133.3 million new shares at 75 cents each and issuing $175 million in new debt to scale its fuel cell truck business.
The executive churn at beleaguered Nikola Corp. continued with the resignation of CFO Stasy Pasterick after just six months.
Daimler Truck CEO Martin Daum will add the role of CFO while the Supervisory Board searches for a permanent replacement for Jochen Goetz.
Asset sales in Q2 helped Nikola add cash to its balance sheet, but losses widened as ramp-up of fuel cell trucks consumed cash.
Steve Girsky, the man responsible for bringing Nikola public three years ago, is taking over as CEO — the third chief executive in a year.
Tom Linebarger introduced Jennifer Rumsey as his handpicked successor as CEO of Cummins. Now she is adding the role of board chair.
Nikola has a minimum of 180 days to get its share price above $1 or it could be delisted from the Nasdaq.
Autonomous trucking software developer TuSimple will disappear from the Nasdaq on Monday as it is delisted for financial filings failure.
Predictive maintenance analytics for autonomous trucks could provide a reverse benefit for human-driven trucks.
Financially struggling Nikola Corp. wants shareholders to double the company’s authorized shares so it can pay its loans in stock.
Settling multiple distractions surrounding TuSimple was Cheng Lu’s priority when he returned as CEO in November.
It’s been three months since TuSimple fired a quarter of its workforce. Three of those who survived the cuts talked with FreightWaves.
Nikola Chief Financial Officer Kim Brady retires as electric truck maker’s financials deteriorate and stock price hovers near all-time low.
TuSimple co-founder Xiaodi Hou quit the board at the autonomous trucking startup as the company investigated him for employee poaching.
Glenn Ellis was named the first American-born president and chairman of the Japan-based U.S. unit of Hino Trucks.
James Reed is the new COO at autonomous truck startup Kodiak Robotics, possessing tech credentials unrivaled among trucking executives.
TuSimple cut 25% of its workforce that grew too fast following the company’s public debut in 2021.
Autonomous trucking developer TuSimple appointed three independent directors to right its ship after a month of boardroom drama.
The industry’s first autonomous trucking marriage between TuSimple and Navistar is the first to end in divorce.
Boardroom drama at TuSimple takes a new turn with the executive chairman holding 59% voting control of the company.
