Nikola’s stock jumps after reviving GM deal

Shares in electric vehicle start-up Nikola jumped nearly 12% during pre-market trading on Wednesday, after Mark Royce, president of General Motors, said his company still viewed its relationship with the company as a great opportunity to achieve more. Earnings.
Royce said the automaker was continuing to work on the deal to acquire a $ 2 billion stake in Nicola, which was announced last month.
He added in an interview with “CNBC”: “The premise of supplying our cars of classes 7 and 8 with fuel cells is amazing, and we know that there are great advantages to that in terms of efficiency, operational cost and opportunities.”
This is the first time that a GM executive has commented about the deal, which has been postponed due to fraud allegations of former Nicolas CEO Trevor Milton.

These were the details of the news Nikola’s stock jumps after reviving GM deal for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Oil steady as Russian crude products ban looms
NEXT Exxon smashes Western oil majors’ profits with $56bn in 2022