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Nikola Execs Threatened to Quit If Trevor Milton Didn’t Step Down

Three top Nikola Corp. executives threatened to resign in 2020 if the electric vehicle maker’s founder, Trevor Milton, didn’t step down as executive chairman, according to a filing in the federal fraud case against him.

September 20, 2022

Winter in Europe Looms as Next Challenge for Energy Availability

CHICAGO — Two former White House officials say the world’s supply chain has experienced unprecedented disruption the last 2½ years because of the COVID-19 pandemic.

September 19, 2022

Diesel Drops Below $5 at $4.964 a Gallon

The national average price of diesel slid 6.9 cents to $4.964 a gallon in its third straight decline, according to Energy Information Administration data released Sept. 19.

September 19, 2022

Nikola CEO Mark Russell Says Trevor Milton Was Prone to Exaggerate

Nikola Corp.’s chief executive officer told a jury he learned only after joining the company that its debut electric truck had neither a gas-powered turbine nor a fuel cell when founder Trevor Milton unveiled it.

September 19, 2022

Powertrain Suppliers Focus on Fuel, Emissions in Dawn of Electrification

In a world where there is growing interest in electrification, drivetrain/powertrain makers are simultaneously pursuing two goals: developing products and technology when electric trucks reach critical mass; and supplying more low-emission and fuel-efficient products.

September 19, 2022

Western State Coalition Seeks Partners in Heated Hydrogen Hub Race

Calling on private investors, Wyoming Gov. Mark Gordon is urging key stakeholders to explain in a web survey what role they would play in a four-state Western regional hydrogen hub.

September 16, 2022

Nikola Cannibalized a Ford for Hyped Badger Electric Pickup, Jury Told

A Nikola Corp. prototype of the electric vehicle startup’s planned Badger pickup truck was made partly of components from a Ford Motor Co. F-150 Raptor, the jury in the criminal trial of Nikola founder Trevor Milton was told.

September 15, 2022

States Get Early Green Light to Spend Federal EV Funds

Dozens of states from coast to coast will have early access to their share of $900 million in electric vehicle infrastructure funds thanks to the U.S. Department of Energy’s early approval of plans to locate chargers on more than 53,000 highway miles throughout the country.

September 14, 2022

Nikola Whistleblower Made $600,000 Off Short Sale, Jury Told

A former Nikola Corp. contractor whose allegations of fraud at the electric truck company helped spur a criminal investigation told a federal jury he made $600,000 off a short seller’s report on Nikola.

September 14, 2022