Nikola said Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of all or most of its assets, after grappling with rapid cash burn and struggling to raise funds in the ...

Electric trucking startup Nikola is hoping to sell what remains of its whole business as early as April, lawyers for the company told a judge Thursday during the first hearing of its bankruptcy case ...

Troubled electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection months after saying that it would likely run out of cash early this year. Nikola was a hot startup and rising star ...

Scandal-scarred electric semi-truck maker Nikola — a pandemic darling once valued at $30 billion — filed for bankruptcy on Wednesday. The company said it is seeking an auction and sale process of its ...

It’s been a wild ride for the ambitious maker of large trucks, including a big-dollar deal with GM and a high-profile fraud conviction for its founder. But now, it’s bankrupt. Nikola’s rise was ...

Electric truck maker Nikola, which briefly boasted a market value above Ford Motor before its founder was charged with fraud, filed for bankruptcy after struggling with high costs and a trucking ...

Nikola (NKLA) has confirmed another round of layoffs as it finds itself in an impressive financial mess. The hydrogen-battery electric truck manufacturer is launching a few last-ditch efforts to avoid ...

EV startup Lucid Motors has emerged as a surprise winner in the bankruptcy auction for electric trucking company Nikola’s Arizona factory and other assets, according to a late Thursday night court ...

Nikola was the buzz of Wall Street, trying to cut a path in electric trucking. But then federal prosecutors began investigating claims that it misled investors. WSJ explains Nikola’s roller-coaster ...

Sept 11 (Reuters) - The U.S. Securities and Exchange Commission moved on Thursday to dismiss its case againt Trevor Milton, the founder and former CEO of Nikola, a company that sought to make electric ...