GENERAL MOTORS ACQUIRES STAKE WORTH $2 BILLION IN ELECTRIC-VEHICLE MAKER NIKOLA

Highlights

• General Motors will purchase an equity stake of 11 percent in Nikola

• Nikola was founded in the year 2015 and aims on manufacturing zero-emission big rigs with the help of hydrogen fuel technology

• GM will nominate one director to the board of Nikola

According to the recent announcements made by the companies, General Motors has decided to purchase an equity stake of 11 perc....