{"id":78891,"date":"2020-09-30T20:34:37","date_gmt":"2020-09-30T17:34:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nikola-gm-still-negotiating-2b-partnership-as-target-date-looms\/"},"modified":"2020-09-30T20:34:37","modified_gmt":"2020-09-30T17:34:37","slug":"nikola-gm-still-negotiating-2b-partnership-as-target-date-looms","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nikola-gm-still-negotiating-2b-partnership-as-target-date-looms\/","title":{"rendered":"#Nikola, GM still negotiating $2B partnership as target date looms"},"content":{"rendered":"

“#Nikola, GM still negotiating $2B partnership as target date looms<\/strong>”
\n<\/p>\n

\n General<\/a> Motors and Nikola app<\/a>ear unlikely to finalize their $2 billion partnership by Wednesday\u2019s target date in the wake of fraud and sexual assault allegations against Nikola founder Trevor Milton.<\/p>\n

The automakers said they were continuing discussions about the deal, which Nikola originally expected to close before Wednesday. The agreement would see GM take an 11 percent stake in the electric-vehicle startup and manufacture its Badger pickup truck.<\/p>\n

\u201cOur transaction with Nikola has not closed,\u201d GM said in a statement Wednesday. \u201cWe are in discussions with current Nikola management and will provide further updates when appropriate or required.\u201d<\/p>\n

GM also addressed the new allegations that Milton \u2014 who resigned as Nikola\u2019s chairman last week \u2014 sexually assaulted his cousin and another woman when they were teenagers. Milton has strongly denied the accusations, which CNBC first reported<\/a> Monday. Both women have reportedly filed police complaints about the alleged abuse.<\/p>\n

\u201cIn light of recent allegations regarding the personal behavior of Nikola\u2019s former Executive Chairman, Trevor Milton, we want to emphasize that GM strongly condemns sexual harassment and abuse of any kind,\u201d the Detroit automaker said.<\/p>\n

Nikola said it \u201ccontinues to work with GM towards a closing,\u201d but neither company provided any details about the deal\u2019s timeline. Either party can terminate the deal if it\u2019s not closed by Dec. 3, according to a regulatory filing.<\/p>\n

A spokesman for Milton declined to comment.<\/p>\n

GM announced its partnership with Nikola just two days before short-selling investment firm Hindenburg Research published a report calling the company \u201can intricate fraud built on dozens of lies\u201d over the course of Milton\u2019s career.<\/p>\n

When she was asked about the allegations earlier this month, GM CEO Mary Barra said the automaker had \u201cdone the appropriate diligence\u201d on Nikola, which called Hindenburg\u2019s report a \u201chit job.\u201d The accusations nevertheless raised questions about the startup\u2019s legitimacy and sent its stock price tumbling.<\/p>\n

But Nikola shares climbed as much as 15.1 percent to $20.59 Wednesday after the Phoenix-based firm released a statement<\/a> saying it \u201cremains committed\u201d to several key business milestones, including plans to announce hydrogen fueling station partnerships by the start of 2021 and finish prototypes of its electric semi truck in the next few weeks.<\/p>\n

\u201cWith support from our business partners and suppliers, we are focused on executing on our strategic initiatives and laying the groundwork to become a vertically integrated zero-emissions transportation solutions provider,\u201d Nikola\u2019s statement said.\n <\/p><\/div>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Nikola, GM still negotiating $2B partnership as target date looms” General Motors and Nikola appear unlikely to finalize their $2 billion partnership by Wednesday\u2019s target date in the wake of fraud and sexual assault allegations against Nikola founder Trevor Milton. The automakers said they were continuing discussions about the deal, which Nikola originally expected to…<\/p>\n","protected":false},"author":1,"featured_media":78892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/09\/nikola-1.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[73611,73710,71006,72550,73711],"class_list":["post-78891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-9-30-20","tag-automotive-companies","tag-fraud","tag-general-motors","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/78891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=78891"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/78891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/78892"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=78891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=78891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=78891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}