General Motors Company

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Strategic Combinations, Equity Investments, Other Pre-Announcement

Nikola And General Motors Form Strategic Partnership

Published: 09/08/2020 11:54 GMT
General Motors Company (GM) - Nikola and General Motors Form Strategic Partnership; Nikola Badger to Be Engineered and Manufactured by General Motors.
General Motors Co - General Motors Receives 11 Percent Ownership of Nikola and Right to Nominate One Director.
General Motors Co - General Motors to Receive $2 Billion Equity Stake in Nikola in Exchange for Certain In-kind Contributions.
General Motors - Gm to Engineer, Validate, Homologate and Build Nikola Badger for Both Battery Electric Vehicle and Fuel Cell Electric Vehicle Variants.
General Motors Co - General Motors Expects to Receive in Excess of $4 Billion of Benefits Between Equity Value of Shares.
General Motors Co - Badger is Anticipated to Enter Production by Year-end 2022.
General Motors Co - to Be Exclusive Supplier of Fuel Cells Globally (outside of Europe) to Nikola for Class 7/8 Trucks.
Gm - Expects to Receive Excess of $4 Billion of Benefits Between Equity Value of Shares, Contract Manufacturing of Badger, Among Others.
General Motors Co - As Part of Agreement, Nikola Will Utilize General Motors' Ultium Battery System and Hydrotec Fuel Cell Technology.
General Motors Co -.
General Motors - Nikola Anticipates Saving Over $4 Billion in Battery & Powertrain Costs Over 10 Years & Over $1 Billion in Engineering & Validation Costs.
Gm - Nikola Will Exchange $2 Billion in Newly Issued Common Stock for In-kind Services and Access to Gm's Safety-tested and Validated Parts and Components.