Electric vehicle manufacturer Nikola has filed for Chapter 11 bankruptcy protection, citing financial difficulties, rapid cash depletion, and an inability to secure sufficient funding. The company announced on Wednesday that it would pursue the sale of most or all of its assets as part of an effort to wind down operations in an orderly manner….
Nikola, the electric and hydrogen semi truck manufacturer based in Arizona, announced on Friday that its President and Chief Executive Officer, Michael Lohscheller, is leaving the company with immediate effect. The decision came as Lohscheller expressed the need to return to Europe to address a family health emergency. Stepping into the CEO role is Stephen…
Nikola, a startup specializing in electric and hydrogen-powered semi trucks, reported in a tweet that several of its trucks were damaged in a fire at its Phoenix, Arizona headquarters. The company suspects foul play, as a vehicle was spotted in the vicinity of the affected trucks before the incident, and an investigation is currently underway….
