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NKLA / Nikola files layoffs notice for former Romeo Power battery-making plant

Nikola files layoffs notice for former Romeo Power battery-making plant
The future of up to 400 former Romeo Power Inc. workers is unclear after Nikola Corp. said Friday it would close a practically new battery-making plant in Cypress, California, and move the work to its own assembly plant in Coolidge, Arizona. Nikola filed a Worker Adjustment and Retraining Notification Act (WARN) notice for the plant that Romeo opened in June, a spokeswoman said. Read More
Posted: Jan 13 2023, 18:48
Author Name: FreightWaves
Views: 112341

NKLA News  

Why Nikola Shares Charged Higher This Week

By The Motley Fool
November 3, 2023

Why Nikola Shares Charged Higher This Week

Nikola shored up its balance sheet in the third quarter. There's plenty of interest for Nikola's hydrogen fuel cell trucks. more_horizontal

Nikola's loss widens following a costly recall of its battery-electric semi trucks

By CNBC
November 2, 2023

Nikola's loss widens following a costly recall of its battery-electric semi trucks

Nikola will have to spend $62 million to replace battery packs in over 200 trucks. But it now has more cash and nearly 300 orders for its latest model more_horizontal

Electric truck maker Nikola reports wider loss in third quarter

By Reuters
November 2, 2023

Electric truck maker Nikola reports wider loss in third quarter

Nikola posted a wider loss in the third quarter on Thursday, after the electric truck maker suspended sales and recalled its battery-electric heavy du more_horizontal

Why Nikola (NKLA) Dipped More Than Broader Market Today

By Zacks Investment Research
October 27, 2023

Why Nikola (NKLA) Dipped More Than Broader Market Today

In the closing of the recent trading day, Nikola (NKLA) stood at $1.03, denoting a -1.9% change from the preceding trading day. more_horizontal

Nikola Corporation (NKLA) Is a Trending Stock: Facts to Know Before Betting on It

By Zacks Investment Research
October 26, 2023

Nikola Corporation (NKLA) Is a Trending Stock: Facts to Know Before Betting on It

Nikola (NKLA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the st more_horizontal

Trevor Milton to reimburse Nikola $165M per arbitration proceeding

By TechCrunch
October 24, 2023

Trevor Milton to reimburse Nikola $165M per arbitration proceeding

Electric and hydrogen-powered heavy truck maker Nikola was awarded $165 million from its founder and former executive chairman, Trevor Milton, in an a more_horizontal

Nikola's shares surge after disgraced founder Trevor Milton ordered to repay $165 million

By CNBC
October 24, 2023

Nikola's shares surge after disgraced founder Trevor Milton ordered to repay $165 million

Nikola disclosed on Tuesday that an arbitration panel has awarded it $165 million in damages from its disgraced founder and former CEO, Trevor Milton. more_horizontal

Nikola stock climbs on $165M fraud settlement with company founder

By Proactive Investors
October 24, 2023

Nikola stock climbs on $165M fraud settlement with company founder

Nikola Corp (NASDAQ:NKLA) shares surged 14% to $1.08 in late-morning trading on Tuesday after a regulatory filing revealed that the electric and hydro more_horizontal


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