Nikola agrees to $83M SEC settlement
Nikola Corporation has agreed to a liquidation plan that includes an $83 million settlement with the U.S. Securities and Exchange Commission.
Nikola Corporation has agreed to a liquidation plan that includes an $83 million settlement with the U.S. Securities and Exchange Commission.
Aurora has partnered with On the Road Garage, a transportation workforce development provider to launch an apprenticeship and upskilling initiative to prepare workers for the new demands required by autonomous vehicles.
Nikola Founder Trevor Milton releases documentary aiming to set the story straight about his fall from leadership.
Tesla Semi deliveries delayed again The long-awaited debut of the Tesla Semi is running late, according to Electrek, which obtained a letter from Ryder to California’s Mobile Source Air Pollution Reduction Review Committee (MSRC). The letter is part of a 28-month contract extension request with MSRC, which awarded Ryder funding to deploy Tesla Semis and […]
Trevor Milton, founder and former executive chairman and CEO of Nikola Corp., was issued a full pardon by President Trump.
Rivian Automotive is expanding its commercial electric van sales to all U.S. businesses, a shift in the company’s strategy more than a year after Rivian ended its exclusivity deal with Amazon.
Nikola’s bankruptcy is a reality check for the push toward zero-emission freight. Once hailed as the Tesla of trucking, Nikola’s failure highlights the immense challenges of replacing diesel with electric and hydrogen-powered alternatives. While policymakers and environmental advocates push for green energy solutions, the trucking industry remains bound by the need for reliability, infrastructure, and economic viability. With limited charging and hydrogen refueling networks, high costs, and performance struggles, Nikola’s downfall reinforces a hard truth, diesel isn’t going anywhere anytime soon.
Recent filings paint a stark picture of Nikola’s financial woes, with assets estimated between $500 million and $1 billion against liabilities ranging from $1 billion to $10 billion.
Nikola, a Phoenix-based manufacturer of zero-emissions trucks, announced it will pursue an auction and sale process for its assets as it grapples with ongoing financial difficulties.
A recent Bloomberg report said Nikola is considering a possible sale or partnership as it attempts to raise capital to stay afloat.
Like numerous SPAC-backed transportation startups, Hyzon Motors has run out of money and plans to shut down.
Bankruptcy filings carry a stigma but sometimes the outcomes promise new life. Proterra might be one such story.
The Freudenberg Group makes a lot of different products, from candy coatings to heavy-duty electric truck and bus batteries.
Smart label technology developed by Chorus and Kuehne+Nagel tracks packages by using Bluetooth connectivity and AirTags.
How much influence could a $250 million purchases of 500 electric trucks have on establishing the value of used trucks?
In the quest for sustainability, the transportation sector stands as one of the most significant arenas for change.
DHL is signing up for hydrogen trucks to be used in Illinois.
Nikola lays of 135 workers as it seeks to preserve its financial runway.
Xiaodi Hou was cast as a villain in the decline into irrelevance of autonomous trucking developer TuSimple. He sees it differently.
The conversation around sustainability in the transportation sector is no longer just about reducing emissions — it’s about rethinking the way we transport goods altogether.