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GM Won’t Take a Stake in Nikola

GM Won’t Take a Stake in Nikola

General Motors Co. will no longer take an equity stake in electric-truck maker Nikola Corp. under a stripped-down agreement revealed Monday by the two

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General Motors Co. will no longer take an equity stake in electric-truck maker Nikola Corp. under a stripped-down agreement revealed Monday by the two companies.

GM still intends to provide Nikola with fuel-cell technology but the Detroit auto maker has scrapped plans to build an electric pickup truck named the Badger for the Phoenix-based startup—a key part of an earlier agreement outlined in September.

That…

This post first appeared on wsj.com

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