⁍ General Motors Co and Nikola Corp have not finalized their deal to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers.
⁍ ‘Our transaction with Nikola has not closed,’ GM spokeswoman Juli Huston-Rough said in a statement.
⁍ Nikola said it expected it to close before Sept. 30, adding either side could terminate the agreement if it wasn’t finalized by Dec. 3.
– A deal between General Motors and Nikola Corp to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers has been pushed back a day, Reuters reports. GM said in a statement that it is continuing its discussions with Nikola and will “provide further updates when appropriate or required.” Nikola had said it expected the deal to close before Sept. 30, adding either side could terminate the agreement if it wasn’t finalized by Dec. 3.
Source: https://www.reuters.com/article/us-general-motors-nikola/gm-says-it-is-continuing-discussions-with-nikola-on-alliance-deal-idUSKBN26K2MF