Southfield — General Motors (GM) took a $2bn equity stake in start-up Nikola, agreeing to manufacture its Badger electric-truck model and diversifying the Detroit-based company's alternative-fuel vehicle strategy.
GM will contribute technology and manufacturing in exchange for an 11% stake in Nikola and get the right to nominate one director to the company’s board, according to a statement. Shares of both companies jumped on the surprise announcement...
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