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November 30, 2020 02:36 pm GMT

Nikola shares drop as GM pulls plug on investment deal

GM is backing away from an agreement to take a stake in electric automaker Nikola Corp, marking the collapse of a deal that has been problematic since it was announced just two months ago. Nikola shares were down 24.75% as of 11:12 am ET Monday morning. GM has instead signed a non-binding memorandum of understanding […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/k4aQwriL9gI/

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