Nikola doubles equity-for-credit line to $600M
Second $300 million deal with Tumim Stone Capital will cover Nikola’s cash needs as it ramps up electric truck production.
Second $300 million deal with Tumim Stone Capital will cover Nikola’s cash needs as it ramps up electric truck production.
On the heels of a short seller’s takedown, Workhorse halts electric van deliveries and recalls units already in customer hands.
Short seller Fuzzy Panda dumps dirt on Workhorse, including confirming an SEC probe of the troubled electric delivery van maker.
Romeo Power locks in cell supply for its commercial batteries, paying a big price to assure it can answer demand from truck manufacturers.
Just as his former company distances itself from him, indicted Nikola Corp. founder Trevor Milton continues to reduce his stake.
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Hyzon Motors, the fuel cell electric truck maker, has $550 million to invest in production, R&D, and hydrogen making for trucks and buses.
Aurora Innovation gets a $10.6 billion enterprise value, the second highest of four autonomous driving software developers seeking to go public.
Truck Talk is a weekly newsletter offering perspective and context on happenings in the heavy-duty and commercial trucking sector.
Embark Trucks plans to go public at a $5.16 billion valuation with sponsorship by the special purpose acquisition company that backed Lion Electric.
Amazon is ordering 1,000 trucks and will pay $150 million for a 20% stake in autonomous truck software developer Plus.
Acronyms like SPAC and PIPE dominate business news as the abbreviated path to public ownership becomes increasingly common.
Two days after declaring it had binding orders for its commercial electric pickup trucks, Lordstown Motors backtracked in an SEC filing.
Nikola Corp. agreed to sell Tumim Stone Capital up to $300 million in new shares over the next three years.
Lordstown Motors Corp.’s top two executives are out following an internal investigation into allegations of phony preorders for electric pickup trucks.
Once high-flying SPAC Lordstown Motors said Tuesday it may fail without more money to produce commercial electric pickup trucks.
Navistar was hit by a cyberattack in late May, but the truck maker said it is working with cybersecurity experts to minimize the impact.
The blank-check route to going public is losing steam, but Aurora Innovation may take the plunge in a SPAC led by one of its investors.
The Q1 earnings call covers everything but financials as Hyliion Holdings reworks its filings to show stock warrants as liabilities instead of equity.
The Teamsters union is seeking executive compensation reform at XPO.