Ford Motor Co.

Lordstown Motors SPAC vote set amid unique business risks

Shareholders of a blank check company vote Oct. 22 on completing a reverse merger that would provide startup Lordstown Motors Corp. (LMC) twice as much money as it needs to retool a former General Motors plant to build a commercial fleet-focused electric pickup truck.

Diamond Peak Holdings Corp. (NASDAQ: DPHC) raised $780 million in an initial public offering (IPO) and through the sale of discounted shares. The full amount will transfer to LMC if the vote passes as expected. 

Since the proposed...

https://s29755.pcdn.co/news/lordstown-motors-spac-vote-set-amid-business-risks

Nikola begins Badger electric pickup marketing push

Nikola Badger electric pickup

Let the marketing begin.

Nikola Corp. (NASDAQ: NKLA) likely won’t have its Badger battery-electric pickup with a fuel cell range extender for sale until 2022. But it began taking orders Monday, offering to match $5,000 deposits and guaranteeing an invitation to a reveal party in December.

With a truck giveaway, Nikola is sweetening the pitch used by and rival Tesla (NASDAQ: TSLA). The industry-leading electric car maker took deposits on hundreds of thousands of its Model 3 sedans during the...

https://s29755.pcdn.co/news/nikola-begins-badger-electric-pickup-marketing-push

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