Nikola Corp. founder Trevor Milton outside federal court after being sentenced to four years in prison. (Photo: Matthew Lee/Inner City Press)
Federal prosecutors want to see Nikola founder Trevor Milton imprisoned for 11 years as punishment for lying to investors.
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.
Burdened by recall expenses for its battery-electric trucks, Nikola is counting on California’s incentive largesse to make a go of fuel cells.
Nikola’s recall cost burden and lack of production lead to a dismal Q3 earnings report but the company sees light ahead.
Nikola Corp. has won $165 million in arbitration from convicted founder Trevor Milton, but it wants to recover attorney fees, too.
Proterra Inc. has extended the bankruptcy auction dates for its three electrification business units while it continues in business.
Hyzon Motors agreed to pay a $25 million fine to settle a Securities and Exchange Commission fraud case.
Nikola Corp. founder Trevor Milton lost a bid for a new trial on a claim of juror bias.
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Veteran business leader Steve Girsky acknowledges challenges but points to Q4 as the culmination of fuel cell truck startup Nikola’s efforts.
Workhorse Group claims business progress, but it needs approval for new shares to raise capital to make electric trucks and drones.
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.
Years before it ever built a fuel cell truck, Nikola claimed it had 14,000 reservations. But 202 orders is a good sign nonetheless.
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Nikola won’t need any more shareholders to vote for a share count increase because a Delaware rule change lowers the threshold.
Daimler Truck forecasts a sunny outlook for its business, especially in North America and Europe.
Less than a year after purchasing Romeo Power to secure its battery supply, Nikola is liquidating the subsidiary.
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Electric truck maker Nikola Corp. says foul play is suspected in a fire that damaged multiple trucks on Friday.
Nikola Corp. is laying off 270 employees as its cash condition worsens and company founder Trevor Milton takes shots at leadership.
Battery chemistry will play a critical role in advancing electric trucking beyond regional and drayage hauling.
Lightning eMotors identifies electrifying small school buses and shuttle vans as its niche. Scaling depends on finding new capital.
Nikola has a minimum of 180 days to get its share price above $1 or it could be delisted from the Nasdaq.
Transportation startups that went for easy SPAC money never thought times would turn so ugly – certainly not so fast.
Nikola will get $35 million in cash and 20.6 million of its shares from ending a joint venture with Europe’s Iveco Group, but ties remain.
The Advanced Clean Transportation Expo has grown so large that organizers kept a waiting list for exhibitors.
Electric truck maker Nikola will get 50 Hyla-branded hydrogen fueling stations in a five-year deal with infrastructure developer Voltera.
Toyota expects to deliver incentive-supported, Kentucky-produced heavy-duty fuel cell kits to U.S. customers this year.
Nikola Corp.’s hopes for a zero-emissions trucking future may be realized without the startup being part of it.
As their populations grow, Class 8 electric trucks are proving as susceptible to safety recalls as diesel-powered units.
Financially struggling Nikola Corp. wants shareholders to double the company’s authorized shares so it can pay its loans in stock.
Proterra Inc. and Ouster Inc. are just two of many technology startups and growth-stage companies struggling financially.
TuSimple plans driverless trucking on a commercial basis in Arizona next year – without a manufacturing partner.
Nikola Corp. wants to raise $100 million through a public stock offering. Dilution-fearing investors drove shares to an all-time low.
Nikola Chief Financial Officer Kim Brady retires as electric truck maker’s financials deteriorate and stock price hovers near all-time low.
Negative headlines about Nikola Corp.’s finances raise justifiable concern. Visiting its electric truck plant tells a different story.
Nikola allegedly tried to sign rival Lion Electric customers after canceling a battery supply contract with Romeo Power.
Nikola Corp. maintains it can raise capital through equity sales, but its auditor says that’s uncertain, prompting a notice of going concern.
Nikola is still far from positive financial territory, but the integration of major components should help bring costs down.
What does it mean to have a former Daimler Truck executive in charge of Torc Robotics? Experience guides a big mission focus
Nikola Corp. dijo en una presentación ante el gobierno el jueves que podría quedarse sin dinero en los próximos 12 meses y tener que “modificar o terminar” su negocio. La startup obtuvo unos ingresos de 6,5 millones de dólares en el cuarto trimestre. Pero el costo de esas ventas fue más de siete veces superior […]
Nikola customers will test Plus autonomy on the startup’s battery and fuel cell electric trucks this year and make it standard in 2024.
How long will incentives drive the transition to electric trucks and help pay for the infrastructure that powers it? It’s going to be awhile.
Batteries. Electrified components. Fuel cells. Cummins Inc. has plans for all of them. But hydrogen-making electrolyzers top the list.
Deliberate perfectly describes Paccar’s approach to trucking electrification. The company offers nine commercial electric trucks but skips the hype.
A letter of intent for 100 of its fuel cell trucks in Germany boosts Nikola’s global zero-emission aspirations.
As valuations of SPAC-backed startups plummet, one autonomous trucking developer that avoided the FOMO and stayed private is thriving.
Nikola will move battery pack manufacturing to Arizona and files layoffs notice for a former Romeo Power plant.
It is pretty much acknowledged across the trucking industry that a consolidation of players in autonomous trucking is coming.
Nikola purchased ailing battery startup Romeo Power Systems before its likely failure, but the fallout is spreading.
Autonomous trucking language can be a little off-putting to the uninitiated. One exception may be the term “feature complete.”
Hydrogen provider Plug Power will buy 75 Nikola fuel cell trucks while processing hydrogen Nikola will purchase.
The approach of Cummins Inc. to hydrogen-fueled internal combustion engines is very different from how and when it talks about most of its products.
When the 35 fuel cell trucks Hyundai is importing to California arrive in 2023, the South Korean automaker instantly assumes U.S. leadership.
La separación de átomos de hidrógeno y oxígeno crece como combustible para los camiones y otras industrias
With a goal of decarbonizing the economy, numerous companies are adopting centuries-old electrolysis to split oxygen and hydrogen atoms.
A theme emerges as you look around the electrification and autonomous trucking space. Practically no one does it alone.
Pilot Co. and Volvo Group move to keep public charging on pace with electric vehicle adoption as Prologis adds charging installations.
Mark Russell has been selling converted options in Nikola daily since mid-September, which is not a good look for a company CEO.
Nikola Corp. is laying off 7% of its workforce and slowing electric production because making more increases the loss.
Nikola expects federal incentives to help pay for hydrogen development, a different scenario from its convicted founder’s hydrogen claims.
The federal government made SPAC-sponsored Nikola founder Trevor Milton an example of corporate greed. Will others follow?
Nikola founder Trevor Milton on Friday was found guilty of three counts of fraud and will be sentenced Jan. 27.
TruckWings, the aerodynamic invention of Daniel Burrows, has more value than just the half-billion miles of on-road experience.
The Trevor Milton fraud trial heads for jury deliberations Friday following invective-tinged final arguments.
Romeo Power founder Michael Patterson shares what happened at the startup battery maker as a cautionary tale for other SPAC-backed startups.
Nikola founder Trevor Milton’s fraud trial was delayed until Oct. 11 because a defense attorney tested positive for COVID-19.
Se ordenó un retraso de una semana cuando el caso de la defensa estaba a punto de concluir
Prosecutors rested their federal fraud case against Nikola founder Trevor Milton on Friday after three weeks.
El defecto podría disminuir la protección de los ocupantes en caso de accidente
Nikola Corp. is recalling 93 trucks — all it has built to date — because of improper installation of seat belt shoulder anchorage assembly.
Nikola CFO Kim Brady testified in Trevor Milton’s fraud trial that the founder’s statements “could be inaccurate or exaggerated.”
A few days in Germany revealed an inconvenient truth about real-world applications of battery-electric and hydrogen-powered trucks.
Neither an “intervention” nor changing social media passwords deterred Trevor Milton’s social media frenzy, Nikola’s CEO testifies .
Nikola CEO Mark Russell testified in Trevor Milton’s fraud trial that Milton went on a publicity “blitz” to attract retail investors.
A Nikola whistleblower collected $600,000 from a short seller of the company’s stock and could be in line for a bigger payday from the SEC.
Opening statements in Trevor Milton’s fraud trial paint a picture of greed contrasted by tales of tweets and corporate betrayal.
Nikola founder Trevor Milton’s fraud trial begins Monday, Sept. 12, in the U.S. District Court for the Southern District of New York.
El juicio penal del fundador de Nikola comienza el lunes con la selección del jurado
More than a year after he was indicted on criminal fraud charges, Nikola founder Trevor Milton will go on trial Monday.
Los impactos del frenesí del SPAC y las actualizaciones tecnológicas, a debate el miércoles
The second FreightWaves Autonomous and Electric Vehicles Summit will feature leaders in autonomy and all things electrification.
Rusty Rush not only operates more truck dealerships than anyone on the planet, he also knows technology. And he has opinions on just about everything. So, buckle up. It’s Rush hour.
Robert Bosch will spend more than $200 million to expand a South Carolina facility to produce hydrogen fuel cells for heavy-duty trucks.
Nikola founder Trevor Milton bought 3 million shares of electric truck company stock weeks before his criminal trial is to start.
TuSimple told federal officials about the crash of one of its supervised autonomous trucks and temporarily grounded its fleet. But it neglected to inform its partner, Navistar.
Nikola Chairman Steve Girsky recruited Michael Lohscheller to lead Opel when Girsky was at General Motors. Now he’s done it again.
Proxy hunters bagged enough votes to give electric truck maker Nikola the financial flexibility it had been seeking since June.
Unsure that financially struggling Romeo Power could keep supplying batteries for its electric trucks, Nikola is buying the company.
A proof-of-concept step van with four-wheel steering by wire and 57% better aerodynamics could revolutionize the segment
Trevor Milton claims Nikola Corp. is violating his constitutional rights by seeking a protective order to block use of company conversations.
Nikola’s could keep adjourning its annual meeting as it pursues unvoted proxies to raise the number of authorized shares.
Nikola will try for a fourth time to win a proxy fight with indicted founder Trevor Milton as the electric truck maker fell short of votes again.
Layoffs get the attention but plenty of electric transportation startups are still hiring. They are getting creative with fundraising, too.
Nikola pide una orden de protección para evitar cebar el anzuelo en una expedición de pesca
Trevor Milton is angling to use privileged conversations at the electric truck maker in his criminal defense, but Nikola is fighting back.
Twin SPAC backer ArcLight Capital is investing $50 million in a truck-as-a-service business that handles Class 1-8 vehicles.
