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Stock impact report

Iveco charts future after CNH with Nikola electric truck deal [Financial Post (Toronto, Ontario, Canada)]

Nikola Corporation (NKLA) 
Company Research Source: Financial Post
aimed at expanding electric vehicle production, its CEO-designate Gerrit Marx told Reuters on Wednesday. Marx was speaking at the inauguration of a production facility in Ulm, Germany, where Iveco, a latecomer to electric trucks, and Nikola will jointly make vehicles, starting with the Nikola Tre from the end of the year. Five strains helping me through the pandemic Advertisement “We are electrifying across the board. We are not behind,” Marx, currently head of CNH's commercial and speciality vehicle unit, told Reuters. “If you had asked me that question in January 2019 I would have reluctantly agreed with you but not any more.” Advertisement Article content Marx reiterated that the process to separate the truck, bus and FPT engine units from CNH Industrial, which will focus on its agricultural and construction equipment businesses, would conclude at the beginning of next year. “We target the earliest possible day. Regulatory steps determine the speed,” he said. The Show less Read more
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