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Nikola founder abruptly resigns amid fraud allegations

Enlarge / Nikola Chairman Trevor Milton unveils the Nikola One truck in December 2016. Nikola Trevor Milton, founder of electric truck startup Nikola, resigned his job as executive chairman of the company on Sunday—effective immediately. Nikola’s stock plunged after the news and is currently trading at around $28 per share, which is down 18 percent. Milton’s resignation …

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GM’s Ultium motors will power its next-generation EVs

General Motors GM, the company known for Corvettes and pickups, has embraced EVs as much as any US automaker. It already revealed plans for its Ultium batteries and now, ahead of the 2020 Bolt EV launch, is showing off its Ultium electric motors and drive units for its next-generation of electric cars and trucks. While …

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GM has no reason to back out of its one-sided deal with Nikola

Enlarge / Mary Barra, CEO of General Motors, in 2019. Patrick T. Fallon/Bloomberg via Getty Images GM CEO Mary Barra on Monday signaled that the company is standing by its deal to produce Nikola’s Badger pickup truck. “The company has worked with a lot of different partners and we’re a very capable team that has …

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Cadillac jumps into the EV market with its ‘Lyriq’ crossover

Cadillac has been making automobiles for well over a century but on Thursday evening the carmaker unveiled its first vehicle produced that lacks an internal combustion engine. Say hello to the Lyriq. While many folks associate still Cadillac with its gas-guzzling Escalade SUV, the company has been charged with spearheading parent-company General Motor’s multibillion dollar …

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GMC teases its 1,000HP electric Hummer truck and SUV

Just as LeBron James is getting ready to take the court again for NBA games in Orlando, GMC has released a new advertisement featuring the basketball star teasing its upcoming EV. The video reveals both truck and SUV versions of the Hummer, which has previously promised a “quiet revolution” with 1,000 HP, 11,500lb/ft of torque …

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