If Nikola can’t find a buyer willing to take on the whole business, the company will pivot to selling off its assets in pieces in an attempt to satisfy more than $1 billion in liabilities.

Trevor Milton, founder of Nikola Corp., center, exits court in New York, US, on Monday, Sept. 12, 2022. Milton, who enticed auto-industry leaders and investors with his promise for a revolution in ...

Electric vehicles take the driver's seat at 2025 Chicago Auto Show 02:32. Troubled electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection months after saying that it would ...

Nikola Corp., the electric semi-truck brand that stirred investor excitement in its early heyday but later paid $125 million to settle claims of misleading investors, has filed for bankruptcy.

Nikola's hydrogen trucks are officially up for auction, one of the company's last big steps in unloading all of its assets after filing for bankruptcy in February.

Nikola, the electric-pickup and semi-truck startup manufacturer, has filed for Chapter 11 bankruptcy.; Court filings show that the company has about $47 million in cash on hand, with liabilities ...

The electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection, it said Wednesday. Executives said in October the EV maker had enough cash to operate only until 2025's first quarter.

Nikola Corp., a manufacturer of zero-emission trucks, filed for Chapter 11 bankruptcy protection. The company cited macroeconomic factors and market headwinds for its financial struggles.

Nikola, an electric vehicle start-up that had once hoped to become the Tesla of heavy trucks, filed for bankruptcy protection on Wednesday. Founded in 2015, Nikola promised to develop long-haul ...

Lucid Motors is picking up the pieces of once-hyped EV and hydrogen truckmaker Nikola, acquiring key facilities and assets in Arizona for $30 million. The deal, announced Friday, does not include ...

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 ...

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.