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
