Polestar named Michael Lohscheller its new CEO as the electric vehicle maker seeks to stem deepening losses and fix ongoing operational problems.

Nikola Corp. reported a 103% revenue increase but wider losses in the second quarter as electric vehicle sales gained momentum, the company announced Aug. 9.

Losses at Nikola in the first quarter narrowed year-over-year, and executives are more bullish than in previous quarters about the truck maker’s prospects even as production costs soar.

Nikola Corp. produced 43 and wholesaled 40 Class 8 hydrogen fuel cell electric vehicles in the first quarter of 2024, the truck maker said.

Class 8 truck maker Nikola Corp. appointed Thomas Okray as chief financial officer March 4, ending a three-month stint where CEO Steve Girsky wore both hats.

Losses at Class 8 vehicle manufacturer Nikola Corp. narrowed 30.8% year-over-year in the fourth quarter of 2023 as research and development costs plummeted.

Nikola Corp. rejected a slate of nominees for its board of directors proposed by an entity it said was controlled by founder Trevor Milton, arguing none were fit for the role.

Nikola Corp. has taken steps forward in building refueling infrastructure for its Class 8 Tre hydrogen fuel cell electric tractors.

Nikola Corp. founder Trevor Milton was ordered to spend four years behind bars for lying to shareholders about the electric truck maker’s progress.

Nikola Corp. founder Trevor Milton should serve about a decade in prison for misleading investors about the future of the electric truck maker, U.S. prosecutors said.