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IVCGF / Nikola And Iveco Part Ways
Nikola and Iveco have ended their joint venture, with Iveco taking full ownership of the European operations and both companies continuing as regional players. Iveco will record a $44 million loss for this. Iveco needs to strengthen its electrification know-how, while Nikola shifts focus to hydrogen fuel cell trucks, potentially pushing the time it takes to become profitable further out.
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Posted: Jun 1 2023, 11:25
Author Name: Seeking Alpha
Views: 081550
IVCGF News
By Seeking Alpha
June 1, 2023
Nikola And Iveco Part Ways
Nikola and Iveco have ended their joint venture, with Iveco taking full ownership of the European operations and both companies continuing as regional more_horizontal
By Seeking Alpha
April 20, 2023