Ed Ludlow

Business, Technology, Fuel

GM ‘Going Forward’ With Nikola Partnership Talks on Trucks

Signage is displayed out the Nikola headquarters in Phoenix, Ariz. Signage is displayed out the Nikola headquarters in Phoenix, Ariz. (Ash Ponders/Bloomberg News)

General Motors Co. is moving ahead in its talks with startup Nikola Corp. over a proposed partnership to make electric and fuel cell powered trucks, a senior executive at the Detroit automaker said.

Ed Ludlow | Bloomberg News
October 21, 2020
Business, Technology, Fuel

Nikola Shares Plunge After CEO Says Startup Can Go It Alone

Nikola HQ Nikola headquarters in Phoenix. (Ash Ponders/Bloomberg)

Nikola Corp. CEO Mark Russell sees a path ahead for his company even if the embattled electric-truck startup is unable to come to terms with General Motors Co. on a proposed strategic partnership.

Ed Ludlow | Bloomberg News
October 16, 2020
Government, Business, Technology, Fuel, Autonomous

GM’s Cruise Unit OK’d for Automated Tests in San Francisco

The GM Cruise Origin electric driverless shuttle The GM Cruise Origin electric driverless shuttle. (David Paul Morris/Bloomberg News)

General Motors Co.’s Cruise unit will be allowed to test autonomous vehicles on public roads in San Francisco without a safety driver, joining Amazon .com Inc.-backed Zoox Inc. and a handful of other self-driving startups.

Ed Ludlow | Bloomberg News
October 15, 2020
Business, Technology, Fuel

US Fuel Cell Truck Startup Hyzon Gets Investment From French Oil Giant

Hydrogen refueling A hydrogen vehicle is refueled. (Kiyoshi Ota/Bloomberg)

Total SE is making an investment as part of a small funding round in U.S. fuel cell truck startup Hyzon Motors, an effort by the French oil giant to boost development of cleaner energy sources.

Ed Ludlow | Bloomberg News
October 9, 2020
Business, Technology, Fuel

Nikola Postpones Forum Where Electric Pickup Was to Debut

A promotional photo for the Nikola Badger electric pickup truck. A promotional photo for the Nikola Badger electric pickup truck. (Nikola Motor Co.)

Nikola Corp. is rescheduling its in-person Nikola World conference, where it was planning to show its electric pickup truck, as the company regroups in the wake of a stock sell-off and the departure of its chairman.

Ed Ludlow | Bloomberg News
September 30, 2020
Business, Technology, Fuel, Top 50, Top 100

Nikola Issues Fuller Denial of Short Seller Hindenburg’s Claims

Nikola One electric truck Hindenburg said the Nikola One lacked key components. Nikola said it was a proof of concept. (Nikola Motor Co.)

Nikola Corp. made a fuller-throated denial of a report last week that claimed the electric-truck maker had deceived investors, accusing a short seller of mischaracterizations and distortions.

Ed Ludlow | Bloomberg News
September 14, 2020
Business, Technology, Fuel, Autonomous

Tesla Splits Stock to Make Lofty Shares Attainable Again

The Tesla logo is seen at a showroom in San Diego. (Bing Guan/Bloomberg News)

Tesla Inc. is splitting its richly valued shares in a 5-for-1 exchange, a move designed to make the stock less expensive for individual investors after the company became the world’s most valuable automaker.

Ed Ludlow | Bloomberg News
August 12, 2020
Business, Technology, Fuel

Electric Car Startup Fisker Misses Deadline for Supply Deal With VW

Fisker Inc. Ocean electric sports utility vehicle The Fisker Inc. Ocean electric sports utility vehicle. (Bridget Bennett/Bloomberg News)

Fisker Inc. missed a self-imposed deadline for a technology-sharing deal with Volkswagen AG that the electric-vehicle startup had described as key to cutting costs.

Ed Ludlow | Bloomberg News
July 31, 2020
Business, Technology, Fuel

Nikola Breaks Ground on Arizona Plant

The Nikola Two fuel-cell powered big rig hauler, set for production in 2023. The Nikola Two fuel-cell powered big rig hauler, set for production in 2023. (Nikola)

Nikola Corp. broke ground July 23 on a new electric-truck factory in Coolidge, Ariz., that it hopes to open next year, but first the startup needs to figure out a way to pay for the 1 million square-foot facility and other expenses with little cash on hand.

Ed Ludlow | Bloomberg News
July 23, 2020
Business, Safety

N.Y. Auto Show Likely to Be Delayed to August Because of Virus

2019 Mazda CX-5 The 2019 Mazda CX-5 is shown at the New York Auto Show on April 17, 2019. (Mark Lennihan/Associated Press)

The annual New York auto show probably will be pushed back to August from April due to the coronavirus.

Ed Ludlow | Bloomberg News
March 10, 2020