You wouldn’t know it from its share price, but General Motors has done everything it can to please Wall Street in recent years. Its latest offering: a deal with stock-market sensation Nikola.
The transaction announced by the companies on Tuesday morning, which involves no transfer of money, is elegantly structured to meet strategic objectives on both sides. GM gets an 11% stake in a potential industry disrupter and the promise of higher manufacturing volumes for its new all-electric battery platform, Ultium. Nikola gets to...
StephenWilmot Very interesting to see GM making moves like this. I've often been confused at their decades of seemingly deliberate under achievement. Hope they can come out as a leader in electric car manufacturing.
StephenWilmot 😂😆
StephenWilmot Say what? Still waiting for the next stimulus check so I can get a water pump for my Lincoln. Ain't she a beauty?
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Nikola Surges As GM Takes Stake In Hydrogen Truckmaker, Partners On Electric PickupGeneral Motors and Nikola are forming a broad alliance on advanced vehicle technology, with the largest U.S. automaker partnering with the hydrogen truck startup to produce its electric pickup and providing battery and fuel cell Nikola...Tesla what’s wrong with this damned synopsis? Now they just need to team up with PLUG, another excellent company !
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Nikola's GM deal shows a new way to get electric vehicles to market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Nikola is just a brand name that GM is buying because the GM brand is dead. Nikola won't design or make any cars. GM will do it all and get bailed out by the govt when it all implodes.
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GM takes $2-billion stake in Nikola and partners on new electric pickupGeneral Motors Co. took a $2-billion equity stake in startup Nikola Corp. and agreed to manufacture a new electric-pickup model. Now we're talking, that Nikola Badger finally looks like a truck that I would own.
Source: latimes - 🏆 11. / 82 Read more »
After collecting $4M in PPP loans, Nikola Motors pairs up with GM on electric trucksMultibillion-dollar startup Nikola Motors made headlines earlier this year for refusing to return a $4M loan from the Paycheck Protection Program. Can we stop trying to make money on the back of Nikola Tesla? That is what the world needs now. New trucks. Then we can drive to the food pantry in our electric truck because it’s more important to give money to corporations than to unemployed citizens. Imagine how many families that money could have helped.
Source: NBCNews - 🏆 10. / 86 Read more »