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Nikola : Consolidated Financial Statements - Form 8-K -Today at 04:19 pm

Forward-Looking Statements

This report contains forward-looking statements that are not historical facts. When used in this. ....

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Nikola Discontinue Collaboration with Republic Services on Refuse Truck

Nikola Corporation (NASDAQ: NKLA)reported that Nikola and
Republic Services (NYSE: RSG) have discontinued their collaboration of refuse truck development. Initially the objective was to design and build the first fully integrated refuse truck based on a zero emissions battery electric drive platform and body while integrating multiple new systems into a new vehicle. After review both companies have agreed that the combination of new technologies and design concepts would take longer than expected in development time and unexpected costs. The program will be terminated and thus resulted in cancellation of previously announced vehicle order.
“This was the right decision for both companies given the resources and investments required,” said Nikola CEO Mark Russell. “We support and respect Republic Services’ commitment to achieving environmentally responsible, sustainable solutions for their customers. Nikola remains laser-focused on delivering on our battery-el ....

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