Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Car/Truck Manufacturer News
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Weather Man" data-source="post: 16486212" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>GM and Nikola soar after striking strategic partnership; GM to take 11% stake</strong></span></p><p>Sep. 8, 2020 7:49 AM ET|About: <a href="https://seekingalpha.com/symbol/GM" target="_blank">General Motors Company (GM)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-clark-schultz" target="_blank">Clark Schultz</a>, SA News Editor </p><p></p><p></p><p>Nikola (NASDAQ:<a href="https://seekingalpha.com/symbol/NKLA" target="_blank">NKLA</a>) announces that General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) will be its strategic manufacturing partner.</p><p></p><p>The partnership will begin with the Nikola Badger and will carry cost reduction benefits across other models.</p><p></p><p>Nikola will utilize General Motors' Ultium battery system and Hydrotec fuel cell technology, in what is said to be a key commercialization milestone for GM.</p><p></p><p>Nikola will exchange $2B in newly issued common stock for the in-kind services and access to General Motors' global safety-tested and validated parts and components. <a href="https://seekingalpha.com/filing/5154650" target="_blank">Here's Nikola's 8-K</a>, detailing the sale of 47.7M shares of common stock to GM for $41.93 each. GM will own 11% of Nikola at closing (expected September 30).</p><p></p><p>General Motors will be subject to a staged lock-up provision beginning in one year and ending in June 2025.</p><p></p><p>General Motors will engineer, homologate, validate and manufacture the Nikola Badger battery electric and fuel cell versions.</p><p></p><p>Shares of Nikola are up 29.40% in premarket trading, while GM is 6.65% higher.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16486212, member: 137766"] [size=6][b]GM and Nikola soar after striking strategic partnership; GM to take 11% stake[/b][/size] Sep. 8, 2020 7:49 AM ET|About: [URL='https://seekingalpha.com/symbol/GM']General Motors Company (GM)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-clark-schultz']Clark Schultz[/URL], SA News Editor Nikola (NASDAQ:[URL='https://seekingalpha.com/symbol/NKLA']NKLA[/URL]) announces that General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) will be its strategic manufacturing partner. The partnership will begin with the Nikola Badger and will carry cost reduction benefits across other models. Nikola will utilize General Motors' Ultium battery system and Hydrotec fuel cell technology, in what is said to be a key commercialization milestone for GM. Nikola will exchange $2B in newly issued common stock for the in-kind services and access to General Motors' global safety-tested and validated parts and components. [URL='https://seekingalpha.com/filing/5154650']Here's Nikola's 8-K[/URL], detailing the sale of 47.7M shares of common stock to GM for $41.93 each. GM will own 11% of Nikola at closing (expected September 30). General Motors will be subject to a staged lock-up provision beginning in one year and ending in June 2025. General Motors will engineer, homologate, validate and manufacture the Nikola Badger battery electric and fuel cell versions. Shares of Nikola are up 29.40% in premarket trading, while GM is 6.65% higher. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Car/Truck Manufacturer News
Top