GM 'continuing discussions' with Nikola on alliance deal
By Ben Klayman
DETROIT (Reuters) - General Motors Co <GM.N> and Nikola Corp <NKLA.O> have not finalized their deal to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers, one day ahead of the date targeted, and are continuing discussions, GM said on Tuesday.
"Our transaction with Nikola has not closed," GM spokeswoman Juli Huston-Rough said in a statement. "We are continuing our discussions with Nikola and will provide further updates when appropriate or required."
A statement by Nikola echoed GM's. Huston-Rough and a Nikola spokeswoman declined to comment further when asked if terms of the deal were being renegotiated.
Shares of Nikola were down 7.1%, while GM's stock was off 1.5% in midday trading.
When the deal was ...
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DETROIT (Reuters) - General Motors Co <GM.N> and Nikola Corp <NKLA.O> have not finalized their deal to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers, one day ahead of the date targeted, and are continuing discussions, GM said on Tuesday.
"Our transaction with Nikola has not closed," GM spokeswoman Juli Huston-Rough said in a statement. "We are continuing our discussions with Nikola and will provide further updates when appropriate or required."
A statement by Nikola echoed GM's. Huston-Rough and a Nikola spokeswoman declined to comment further when asked if terms of the deal were being renegotiated.
Shares of Nikola were down 7.1%, while GM's stock was off 1.5% in midday trading.
When the deal was ...
Read More on Datafloq
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