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General Motors acquires 11% stake in electric truck maker Nikola

US Materials 8 September 2020 16:13
General Motors Co said on Tuesday it was acquiring an 11% stake, worth $2 billion, in U.S. electric truck maker Nikola Corp
General Motors acquires 11% stake in electric truck maker Nikola

General Motors Co said on Tuesday it was acquiring an 11% stake, worth $2 billion, in U.S. electric truck maker Nikola Corp, Trend reports with reference to Reuters.

General Motors will also get a right to nominate one director to Nikola’s board.

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