April 19, 2024

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General Motors Wants To Renegotiate $2 Billion Nikola Deal

Upon its launch, GM publicly explained it planned to continue on doing the job with Nikola. However, the automaker desires to alter the conditions of the deal just hours just before it was initially intended to be finalized. Reuters experiences that negotiations in between the two automakers are nonetheless taking place.

“Our transaction with Nikola has not closed,” GM spokeswoman Juli Huston-Rough explained in a assertion. “We are continuing our discussions with Nikola and will supply even further updates when correct or demanded.”

As of this producing, the September 30 closing day (currently) might not materialize. There is nonetheless time to make a deal, nonetheless. Nikola’s filing with the Securities and Trade Fee states the two events have until finally December three, 2020 to work one thing out. If that day just isn’t fulfilled, either get together can terminate the arrangement.