La promesa de flete de cero emisiones ha sufrido un gran revés con la bancarrota de Nikola Corp. Una empresa que una vez se posicionó como disruptor en la industria del transporte de transporte está muriendo una muerte lenta. El fabricante de camiones eléctrico e hidrógeno, una vez anunciado como...
Nikola Motor
Nikola’s Bankruptcy a Reality Check for Diesel Alternatives
The promise of zero-emission freight has suffered a big setback with Nikola Corp.’s bankruptcy. A company that once positioned itself as a disruptor in the trucking industry is dying a slow death. The electric- and hydrogen-powered truck manufacturer, once heralded as the Tesla of trucking, struggled with financial instability, supply chain challenges and a series of setbacks that ultimately led to its demise.
But Nikola’s downfall is bigger than just one company. It raises real questions about...
https://www.freightwaves.com/playbook/nikolas-bankruptcy-a-reality-check-for-diesel-alternatives
Para Nikola, la escritura estaba en la pared
El miércoles, Nikola Corp., una vez un favorito de la industria de los vehículos eléctricos, solicitó la protección de bancarrota del Capítulo 11. Este movimiento señaló la culminación de un viaje tumultuoso de una empresa valorada en $ 26 mil millones en 2020 a uno que ahora busca liquidar activos...
https://fullavantenews.com/para-nikola-la-escritura-estaba-en-la-pared/?lang=es
For Nikola, the writing was on the wall
On Wednesday, Nikola Corp. — once a darling of the electric vehicle industry — filed for Chapter 11 bankruptcy protection.
This move signaled the culmination of a tumultuous journey from a company valued at $26 billion in 2020 to one now seeking to liquidate assets and restructure operations. Its bankruptcy filing paints a stark picture of Nikola’s financial woes, with assets estimated between $500 million and $1 billion against liabilities ranging from $1 billion to $10 billion.
As the company...
https://www.freightwaves.com/news/for-nikola-the-writing-was-on-the-wall
Nikola files for Chapter 11 bankruptcy protection
Nikola Corp. filed for Chapter 11 bankruptcy protection Wednesday after failing to secure a buyer or raise additional capital. The Phoenix-based manufacturer of zero-emissions trucks announced it will pursue an auction and sale process for its assets as it grapples with ongoing financial difficulties.
This marks a dramatic fall for a company that was, at its valuation peak in 2020, briefly worth more than Ford Motor Co.
“Like other companies in the electric vehicle industry, we have faced various...
https://www.freightwaves.com/news/nikola-files-for-chapter-11-bankruptcy-protection
Nikola seeks financial lifeline amid bankruptcy rumors
The sun may be setting for Phoenix-based Nikola Motors after a recent Bloomberg report said the electric truck maker is considering a possible sale or partnership as it attempts to raise capital to stay afloat. This is not new for Nikoka, but like a financial game of musical chairs where you burn the chairs to keep warm, there may be no more chairs left.
MSN reported that Nikola’s stock price has collapsed to a record low. The company once worth $26 billion in 2020 is now estimated at $74...
https://www.freightwaves.com/news/nikola-seeks-financial-lifeline-amid-bankruptcy-rumors
Daily Infographic: Foul play suspected in fire at Nikola headquarters
#kt-adv-heading_3a2b26-29, #kt-adv-heading_3a2b26-29 .wp-block-kadence-advancedheading {font-size:24px;}
To view more FreightWaves infographics, click here
The post Daily Infographic: Foul play suspected in fire at Nikola headquarters appeared first on FreightWaves.
The Daily Dash: Trucking’s payroll tax problem, Nikola’s surprise order and trucker sentenced
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, trucking ponders its next move following President Donald Trump’s payroll tax deferment order. Plus, Nikola receives a huge order from an unexpected source; Cummins and Navistar ink a new deal; and a truck driver is sentenced for a crash that killed five.
When is a tax break not really a tax break?Will truck drivers and trucking companies see any additional money from Trump’s payroll tax deferment...
The Daily Dash: More states consider electric-truck mandates; stay safe and ignore HOS; why electric?
The Daily Dash is a quick look at what is happening today in the freight ecosystem. In this edition, California is mandating electric-truck sales, and some other states may follow suit. Plus, drivers facing life-or-death situations shouldn’t worry about hours-of-service violations and why are investors so interested in electric-truck makers?
As California goes, so goes the nationWhen California announced the world’s first electric-truck sales mandate, it garnered headlines and its fair share of...
Pre-merger surge drives Nikola value to $12 billion
Before building a single vehicle for sale, the valuation of fuel cell electric truck maker Nikola Corp. quadrupled to about $12 billion during a week of frenzied trading in shares of its merger partner.
Double-digit daily upward moves in VectoIQ, the NASDAQ-traded holding company that is acquiring Nikola in a reverse merger, sent VTIQ shares as high as $35.38 early on May 13 compared with a closing price of $14.12 on May 6.
Two events supercharged the share price.
On Friday, May 8, VectoIQ...
https://www.freightwaves.com/news/pre-merger-surge-drives-nikola-value-to-12-billion