Nikola Announces Q2 Battery-electric Truck Deliveries
(RTTNews) - Nikola Corp. (NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, announced Wednesday its quarterly deliveries for its battery-electric truck, with wholesale of 45 trucks and retail of 66 trucks in the quarter ended June 30, 2023.
Nikola continues its refocused plan of concentration on the North American market, reducing costs and producing the highest-quality Class 8 zero-emission trucks available today.
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Nikola Founder Trevor Milton Gets 4-year Prison For Fraud
Nikola Corp.'s founder Trevor Milton was sentenced to four years in prison for making false and misleading statements to retail investors to drive investor demand. He was also fined $1 million, and three years of supervised release. As per reports, he could be forced to forfeit property as part of his sentence. Judge Edgar Ramos reportedly allowed Milton to remain free on bail while he appeals...
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Nikola Appoints Mary Chan As Chief Operating Officer
Nikola Corp. (NKLA) announced Monday the appointment of Mary Chan as Chief Operating Officer (COO), effective October 9, 2023. Chan will lead the company's engineering, program, product, supply chain, and manufacturing teams.
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Nikola To Expand Dealer Network Into Canada For Class 8 Truck Sales And Service Coverage
Nikola Corp. (NKLA) announced Friday an expansion of its dealer network into Canada for its Class 8 truck sales and service coverage with the addition of ITD Industries Inc., an industry leading commercial trailer manufacturer and technology business headquartered in Toronto, Ontario.
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Nikola Promotes Michael Lohscheller To Succeed Mark Russell As President And CEO
Energy infrastructure firm Nikola Corp. (NKLA) announced Wednesday that Chief Executive Officer and President Mark Russell will retire, effective January 1, 2023. The company has promoted current Nikola Motor President Michael Lohscheller to succeed Russell.
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TSX Drops Nearly 2.5%; Materials, Tech Stocks Down Sharply
Canadian stocks are down sharply on Friday amid renewed fears about inflation and interest rates following oil prices climbing higher amid supply concerns after a tanker attack in the Strait of Hormuz.
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Swiss Market Ends Modestly Higher
The Switzerland market's benchmark SMI ended modestly higher on Friday after holding firm throughout the trading session, outperforming most of its peers in Europe.
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Major European Markets End Mixed As Investors React To Earnings, Economic Data
The major European markets closed mixed on Friday even as most of the other markets across the continent ended notably lower, as investors reacted to a slew of corporate earnings announcements and the latest batch of regional economic data.
Higher oil prices and weakness in the tech sector due to renewed uncertainty about returns on AI-related investments hurt sentiment.
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Chicago Business Barometer Pulls Back But Still Indicates Growth In October
Growth in Chicago-area business activity slowed moderately in the month of October, according to a report released by MNI Indicators on Friday. The report said the Chicago business barometer fell to 55.3 in October after spiking to 58.8 in September, although a reading above 50 still indicates growth. Economists had expected the business barometer to pull back to 56.0.
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