Breaking News: GM invests in Nikola; to build Badger pickup

General Motors Co. (NYSE: GM) will become an 11% owner of electric truck startup Nikola Motors Corp. (NASDAQ: NKLA) and build the battery-electric Badger pickup as well as providing the fuel cells for Nikola’s Class 7 and 8 full-size trucks, the companies said Tuesday.

GM, which plans its own electric pickup truck, also recently invested in startup Lordstown Motors, which is planning a commercially focused pickup.

As CEO of VectoIQ, former GM Vice Chairman Steve Girsky led the reverse merger...

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