Michael Lohscheller Named President at Nikola Motor
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Nikola Corp. named Michael Lohscheller president of Nikola Motor with the aim of scaling its global heavy-duty truck business.
Most recently, Lohscheller was CEO of VinFast, the global electric automotive brand from Vietnam.
“Michael Lohscheller brings several decades of direct automotive industry expertise to our already accomplished leadership team at Nikola. His role will be immediately pivotal as the Nikola Tre battery-electric vehicle moves into production, and as we continue to achieve development milestones for the Nikola Tre fuel cell electric vehicle,” Nikola CEO Mark Russell said in a release.
Today we proudly announced an addition to the Nikola leadership team. Read more about the 20+ year automotive industry veteran who will be joining the Nikola team as President, Nikola Motor. https://t.co/sglYvi62e4 — Nikola Motor Company (@nikolamotor) February 22, 2022
Nikola reported Lohscheller’s additional experience included leadership roles in finance, technology, purchasing and logistics at Volkswagen, before becoming Volkswagen Group of America executive vice president. Lohscheller was named CEO of Opel, both under GM and Stellantis ownership, and led Opel to sustainable profitability. He also oversaw Opel’s transformation into a respected electrified car brand.
“It goes without saying that hydrogen fuel cell and battery-electric zero-emission vehicles are the future of mobility, and I am extremely proud to be joining a company that is paving the way for this global transformation,” Lohscheller said. “My career has prepared me well to achieve the ambitious milestones needed to make this happen.”
Nikola Corp.’s stock ranged over the 52-week period from $22.04 to $6.59, and opened trading on the day of the announcement at $7.92. The company went public June 4, 2020. — Transport Topics
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