Return to site

GM Considers Boosting Stake in Nikola in Reworked Deal

According to insider knowledge inside of General Motors, the company is looking to seek an even higher stake in the zero-emissions transportation startup Nikola, which made big buzz a month ago after GM agreed to take an initial 11% stake in the business. This 11% is part of a cash-free deal where GM will supply hydrogen fuel-cell technology and a new battery-powered pickup truck for them.