Prosecutors allege former Slync CEO Chris Kirchner misappropriated over $28 million from the company he helped launch to fund his lavish lifestyle.
The breakup with Navistar is a big deal for autonomous truck developer TuSimple, but its balance sheet could limit reputational damage.
When the 35 fuel cell trucks Hyundai is importing to California arrive in 2023, the South Korean automaker instantly assumes U.S. leadership.
Hydrogen fuel cell truck maker Hyzon Motors faces Nasdaq deadlines after missing a financial filing for the second consecutive quarter.
Boardroom drama at TuSimple takes a new turn with the executive chairman holding 59% voting control of the company.
Mark Russell has been selling converted options in Nikola daily since mid-September, which is not a good look for a company CEO.
TuSimple fired co-founder Xiaodi Hou as CEO and kicked him off the board amid federal probes into dealings with China.
The federal government made SPAC-sponsored Nikola founder Trevor Milton an example of corporate greed. Will others follow?
The Trevor Milton fraud trial heads for jury deliberations Friday following invective-tinged final arguments.
Nikola founder Trevor Milton’s fraud trial was delayed until Oct. 11 because a defense attorney tested positive for COVID-19.
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.
Nikola founder Trevor Milton bought 3 million shares of electric truck company stock weeks before his criminal trial is to start.
Hyzon Motors, which went public a year ago in a merger with a blank check shell company, is the latest electrification startup in trouble.
Proxy hunters bagged enough votes to give electric truck maker Nikola the financial flexibility it had been seeking since June.
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.
While companies generally support the Securities and Exchange Commission’s goals of providing climate data to investors, they have apprehension about the burden the rules could place on small carriers.
Canoo Inc. in May said its survival was iffy. With Walmart’s order of 4,500 electric delivery vehicles, the near term looks brighter.
Trevor Milton is angling to use privileged conversations at the electric truck maker in his criminal defense, but Nikola is fighting back.
Nikola founder Trevor Milton has been irritating the company he once led since leaving in September 2020.
